TABULA RASA HEALTHCARE,INC (NASDAQ:TRHC) Files An 8-K Other EventsItem 8.01. Other Events.
On May 17, 2017, Tabula Rasa HealthCare, Inc. (the “Company”) was informed that Orsula V. Knowlton, President of the Company, sold 8,000 shares of the Company’s common stock to Dr. Knowlton’s pre-arranged stock trading plan (the “Plan”) which was designed to comply with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, and the Company’s insider trading policy regarding stock transactions. The Plan was previously adopted on May 4, 2017, which was during the Company’s most recent open trading window period under the Company’s insider trading policy. Under the Plan, Dr. Knowlton is permitted to sell up to an aggregate of 48,000 shares of the Company’s common stock on the open market at prevailing market prices to a pre-established formula and at the times specified in her Plan. If all the shares subject to the Plan were sold, Dr. Knowlton would retain approximately 96% of her current holdings, which include vested and unvested options and shares of restricted stock.
The Plan was initiated in connection with Dr. Knowlton’s long-term strategy for asset diversification and family financial planning. Transactions under the Plan will be disclosed publicly through Form 4s filed with the Securities and Exchange Commission. The Company does not undertake any obligation to report any 10b5-1 plans that may be adopted by any of the Company’s board members or executive officers in the future, or to report any modifications or terminations of any publicly announced plan, except to the extent required by law.