Acumen Pharmaceuticals (ABOS) COO sells shares for taxes in 10b5-1 tax sale
Rhea-AI Filing Summary
Acumen Pharmaceuticals, Inc. reported an insider stock sale by its Chief Operating Officer, Barton Russell. On January 8, 2026, he sold 3,530 shares of common stock in a transaction coded as a sale. The filing explains this was an automatic “sell to cover” to satisfy tax withholding obligations tied to the vesting of restricted stock units under a Rule 10b5-1 trading plan he adopted on June 25, 2025. The shares were sold at a weighted average price of $1.8588 per share, in multiple trades between $1.8000 and $1.9500. After this transaction, he continued to beneficially own 123,269 shares, all held directly.
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FAQ
What insider transaction did Acumen Pharmaceuticals (ABOS) disclose in this Form 4?
The company reported that its Chief Operating Officer, Barton Russell, sold 3,530 shares of Acumen Pharmaceuticals common stock on January 8, 2026, in a transaction coded as a sale.
Why did Acumen Pharmaceuticals COO Barton Russell sell 3,530 shares?
The filing states the 3,530 shares were sold through an automatic “sell to cover” transaction to satisfy tax withholding obligations related to the vesting of restricted stock units under a Rule 10b5-1 trading plan.
What was the sale price for the Acumen Pharmaceuticals shares in this insider trade?
The sale price is reported as a weighted average of $1.8588 per share, with individual trades executed at prices ranging from $1.8000 to $1.9500.
How many Acumen Pharmaceuticals shares does Barton Russell own after this Form 4 transaction?
After the reported sale, Barton Russell beneficially owned 123,269 shares of Acumen Pharmaceuticals common stock, held in direct ownership.
Was the Acumen Pharmaceuticals insider sale made under a Rule 10b5-1 plan?
Yes. The filing notes the sale was executed under a Rule 10b5-1 trading plan that Barton Russell adopted on June 25, 2025, and the form allows indication that the transaction was made pursuant to such a plan.
Who is the insider involved in this Acumen Pharmaceuticals (ABOS) Form 4 filing and what is their role?
The reporting person is Barton Russell, who is identified as an officer of Acumen Pharmaceuticals, serving as the company’s Chief Operating Officer, and is not listed as a director or 10% owner.