Absci (NASDAQ: ABSI) SVP Bedrick gets RSUs, options and tax withholding
Rhea-AI Filing Summary
Absci Corp senior vice president and chief accounting officer Todd Bedrick reported routine equity compensation grants and related tax withholding. He received 49,600 shares of common stock as restricted stock units under the 2021 Stock Option and Incentive Plan, which will vest in three equal annual installments starting on March 1, 2027, contingent on continued service.
Bedrick was also granted stock options covering 195,900 shares of common stock at an exercise price of $2.80 per share, expiring on March 1, 2036, vesting in substantially equal annual installments over three years beginning March 1, 2027. In connection with the vesting of restricted stock units, 5,282 shares of common stock were withheld by Absci to cover tax obligations, leaving him with 216,942 common shares held directly; this withholding was not a discretionary market sale.
Positive
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Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 5,282 | $2.80 | $15K |
| Grant/Award | Stock Option (right to buy) | 195,900 | $0.00 | -- |
| Grant/Award | Common Stock | 49,600 | $0.00 | -- |
Footnotes (1)
- The shares reported in this transaction represent Restricted Stock Units ("RSUs") issued under the Absci Corporation 2021 Stock Option and Incentive Plan. The RSUs shall vest and be settled in three substantially equal annual installments with the first such annual installment vesting on March 1, 2027, subject to the Reporting Person's continuous service to the Issuer on each such date. Amount reported represents the number of shares withheld by the Issuer to cover the tax withholding obligation in connection with the vesting of these restricted stock units and does not represent a discretionary trade by the reporting person. The shares subject to this option shall vest and become exercisable over a three year period, in substantially equal annual installments with the first such installment vesting on March 1, 2027, subject to the Reporting Person's continuous service to the Issuer on each such date.