Abeona (ABEO) CFO sells 24,880 shares to cover taxes on vested stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Abeona Therapeutics Inc. Chief Financial Officer Joseph Walter Vazzano reported an open-market sale of 24,880 shares of common stock at a weighted average price of $6.9637 per share. According to the filing, this sale was made to cover tax obligations tied to the vesting of restricted stock awards.
After this transaction, he directly holds 493,557 shares of Abeona common stock. The price reflects multiple trades executed between $6.86 and $7.04 per share.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 24,880 shares ($173,257)
Net Sell
1 txn
Insider
Vazzano Joseph Walter
Role
Chief Financial Officer
Sold
24,880 shs ($173K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 24,880 | $6.9637 | $173K |
Holdings After Transaction:
Common Stock — 493,557 shares (Direct)
Footnotes (1)
- The sale reported in this Form 4 was to cover tax obligations associated with the vesting of restricted stock awards. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.86 to $7.04 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
Shares sold: 24,880 shares
Weighted average sale price: $6.9637 per share
Price range: $6.86–$7.04 per share
+1 more
4 metrics
Shares sold
24,880 shares
Open-market sale on reported Form 4 date
Weighted average sale price
$6.9637 per share
Common stock sale by CFO
Price range
$6.86–$7.04 per share
Multiple transactions within this range
Shares held after sale
493,557 shares
Direct ownership following transaction
Key Terms
restricted stock awards, weighted average price, open-market sale, Form 4
4 terms
restricted stock awards financial
"tax obligations associated with the vesting of restricted stock awards"
Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Form 4 regulatory
"The sale reported in this Form 4 was to cover tax obligations"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Abeona Therapeutics (ABEO) report for its CFO?
Abeona Therapeutics reported that CFO Joseph Walter Vazzano sold 24,880 shares of common stock. The sale was made in the open market and was specifically to cover tax obligations arising from the vesting of restricted stock awards.
What does the weighted average price mean in the Abeona (ABEO) CFO Form 4?
The weighted average price of $6.9637 reflects that the 24,880 shares were sold in multiple trades. These trades occurred at prices between $6.86 and $7.04 per share, and the insider offers to provide detailed trade-by-trade data upon request.