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.
Positive
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,530 | $1.8588 | $7K |
Footnotes (1)
- Represents the number of shares sold by the Reporting Person through an automatic "sell to cover" transaction to satisfy tax withholding obligations in connection with the vesting of restricted stock units pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 25, 2025. The price reported is a weighted average sales price. The shares were sold in multiple transactions at prices ranging from $1.8000 to $1.9500. Upon request, the Reporting Person will provide to the staff of the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
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.
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.