Director William H Rastetter sold 18,000 NBIX shares at $151.82 for $2.7M, reducing holdings 30.8% near 52-week highs amid +23.8% 90-day rally.
Director Rastetter sold 18,000 shares (30.8% of pre-transaction holdings) at $151.82 on 2025-11-05, executing near the 52-week high of $154.80 during a strong momentum period—the stock had gained 23.8% over 90 days and 13.0% over 30 days. His cross-ticker track record shows 3 prior sells with a 90-day well-timed rate of 50.00%, while his same-ticker history at NBIX shows mixed outcomes: the prior sell on 2025-05-05 was followed by +17.0% 90-day gains (poorly timed), and the 2024-08-15 sale was followed by -14.4% 90-day returns (well-timed), suggesting no consistent predictive pattern at this ticker. The stock remains strong fundamentally with +24.8% annual revenue growth, $209.5M net income, and a P/E of 36.08. This sale occurred during a period of elevated valuation and stock strength, reducing his exposure materially from 58,360 to 40,360 shares.