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$RAPP
$25.33 -$0.60 (2.31%) Close

Ownership

13F as of Q2 2026 · 48.0M shares outstanding

Who owns RAPP?

By type of holder
Institutions 100.0% Insiders 0.0% Everyone else 0.0%
Concentration Top 10 holders own 70.7%
FMR LLC 15.0% · TRV GP V, LLC 13.1%
Institutional ownership
100.0%
0 pts vs last qtr
Institutional holders
157
+10 vs last qtr
Net shares bought
−1.3M
by institutions in Q2 2026
New / sold out
27 / 17
positions opened vs closed

How is ownership changing?

Institutions, last 8 quarters

Biggest buyers in Q2 2026
  • Algert Global LLC NEW +223.8K
  • BlackRock, Inc. +193.8K

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Biggest sellers in Q2 2026
  • TRV GP V, LLC −854.7K
  • Vestal Point Capital, LP −706.2K

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Who is planning to sell?

Notices of proposed sale, last 12 months
$46.7M
24 notices from 9 people
Shares covered
1.2M
2.47% of the company
Arranged in advance
98%
of the value is under a 10b5-1 plan
Under a 10b5-1 plan No plan
$0$9.3M$18.7MNovDec 2025: $1.0M under a 10b5-1 planDecJan 2026: $466.1K under a 10b5-1 planJan 2026: $282.7K without a planJanFebMar 2026: $564.1K under a 10b5-1 planMar 2026: $58.2K without a planMarApr 2026: $18.7M under a 10b5-1 planAprMay 2026: $16.5M under a 10b5-1 planMay 2026: $742.9K without a planMayJun 2026: $4.4M under a 10b5-1 planJunJulAug 2026: $2.5M under a 10b5-1 planAugSep 2026: $330.2K under a 10b5-1 planSepOct 2026: $1.2M under a 10b5-1 planOct
Largest proposed sellers
  • Third Rock Ventures V, L.P. 10% stockholder $34.4M
  • Abraham N. Ceesay Officer 10b5-1 $5.25M

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Every notice on Red Flags →

A Form 144 is notice of a planned sale, not the sale itself. What insiders actually sold is on Insider Transactions.

Is your stake being diluted?

Diluted share count, FY2023–FY2025
+2485.7%
+408.50% a year
Each share's claim on the business
−96.1%
shrank without buying or selling a share
Spent on buybacks vs paid in stock
— vs $32.6M
over 3 fiscal years
Diluted shares, split-adjusted
1.5M20.4M39.3M2023: 1.5M shares'232024: 20.7M shares'242025: 38.9M shares'25
Buybacks Stock-based comp
$0$9.4M$18.9M2023 buybacks: $02023 stock comp: $3.5M'232024 buybacks: $02024 stock comp: $10.2M'242025 buybacks: $02025 stock comp: $18.9M'25

How patient are the owners?

Institutional shares by how long they've been held
5+ years0% 3–5 years0% 1–3 years85% Under 1 year15%
Quarterly turnover
5.4%
of institutional shares changed hands
Top 10 managers, median time held
2 years

Super Investors

Investment managers reporting RAPP on Form 13F
F
FMR LLC
Shares
7.2M
% of company
14.95%
Change vs last qtr
+4.0K (+0.1%)
Held since
2024
TG
TRV GP V, LLC
Shares
6.3M
% of company
13.09%
Change vs last qtr
−854.7K (−12.0%)
Held since
2024

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Institutional Funds

Mutual funds and ETFs reporting RAPP on Form N-PORT; together they hold 31.0% of the company
SW
SMALLCAP World Fund Inc
Position value
$141M
% of company
7.07%
% of the fund
0.15%
As of
June 30, 2026
FG
Fidelity Mt. Vernon Street Trust
Position value
$110M
% of company
4.70%
% of the fund
0.11%
As of
August 31, 2026

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Insiders and 5%+ holders

From Forms 3/4/5 and Schedules 13D/G
SV
Sofinnova Venture Partners XI, L.P. ("SVP XI")
5%+ holder13D · 4.0%
Shares
1.9M
% of company
3.88%
Change vs last qtr
—
Held since
—
PS
Paul Steven M
Insider
Shares
555.0K
% of company
1.16%
Change vs last qtr
—
Held since
—

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