Acumen Pharmaceuticals (ABOS) CEO O'Connell sells shares in tax-related trades
Rhea-AI Filing Summary
Acumen Pharmaceuticals, Inc. Chief Executive Officer Daniel Joseph O'Connell reported automatic stock sales related to tax withholding. On January 21, 2026, he sold 9,346 shares of common stock at a weighted average price of $1.8112 per share. On January 22, 2026, he sold an additional 2,689 shares at a weighted average price of $1.8838 per share.
According to the footnotes, these transactions were automatic "sell to cover" trades to satisfy tax withholding obligations arising from the vesting of restricted stock units under a Rule 10b5-1 trading plan adopted on June 24, 2024. After these sales, O'Connell beneficially owned 881,275 shares of Acumen common stock directly.
Positive
- None.
Negative
- None.
FAQ
What insider transaction did Acumen Pharmaceuticals (ABOS) disclose in this Form 4?
Acumen Pharmaceuticals disclosed that its Chief Executive Officer, Daniel Joseph O'Connell, sold shares of common stock in two transactions on January 21 and 22, 2026, as reported on Form 4.
How many Acumen Pharmaceuticals (ABOS) shares did the CEO sell and at what prices?
On January 21, 2026, the CEO sold 9,346 shares at a weighted average price of $1.8112 per share. On January 22, 2026, he sold 2,689 shares at a weighted average price of $1.8838 per share.
Why were the Acumen Pharmaceuticals (ABOS) CEO’s shares sold in these transactions?
The footnotes state that the reported shares were sold through automatic "sell to cover" transactions to satisfy tax withholding obligations related to the vesting of restricted stock units, under a Rule 10b5-1 trading plan adopted on June 24, 2024.
How many Acumen Pharmaceuticals (ABOS) shares does the CEO own after these sales?
Following the reported transactions, Chief Executive Officer Daniel Joseph O'Connell beneficially owned 881,275 shares of Acumen Pharmaceuticals common stock directly.
Were the Acumen Pharmaceuticals (ABOS) CEO’s share sales made under a trading plan?
Yes. The filing explains that the sales were executed pursuant to a Rule 10b5-1 trading plan adopted by the CEO on June 24, 2024, in connection with tax withholding for vested restricted stock units.
What does the weighted average price mean in this Acumen Pharmaceuticals (ABOS) Form 4?
The filing notes that the reported prices are weighted average sales prices. The shares were sold in multiple transactions within price ranges of $1.76 to $1.88 and $1.87 to $1.90, and detailed trade-level prices are available upon request.