Abeona CCO sells shares for tax obligations
Abeona Therapeutics’ Chief Commercial Officer Madhav Vasanthavada reported small stock sales primarily for tax purposes.
Rhea-AI Filing Summary
Abeona Therapeutics’ Chief Commercial Officer Madhav Vasanthavada reported small stock sales primarily for tax purposes. On June 8, he sold 4,170 shares of common stock in open-market transactions at a weighted average price of $5.4295 per share. On June 9, he sold another 5,450 shares at a weighted average price of $5.3042 per share. A footnote explains that these sales were made to cover tax obligations tied to the vesting of restricted stock awards, indicating they are compensation-related rather than discretionary portfolio trades. After these transactions, he directly held 303,451 shares of Abeona common stock.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,450 | $5.3042 | $29K |
| Sale | Common Stock | 4,170 | $5.4295 | $23K |
Footnotes (3)
- F1. The sale reported in this Form 4 was to cover tax obligations associated with the vesting of restricted stock awards.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.345 to $5.54 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.24 to $5.47 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
Key Figures
Key Terms
restricted stock awards financial
weighted average price financial
open-market sale financial
FAQ
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What insider transaction did Abeona Therapeutics (ABEO) report for its CCO?
Were the Abeona (ABEO) insider sales tied to restricted stock awards?
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