Absci CEO reports tax-withheld 26,761 shares
Absci Corp Chief Executive Officer Sean McClain reported a tax-related share disposition connected to vesting restricted stock units.
Rhea-AI Filing Summary
Absci Corp Chief Executive Officer Sean McClain reported a tax-related share disposition connected to vesting restricted stock units. The company withheld 26,761 shares of common stock at a price of $2.99 per share to satisfy withholding obligations, and McClain held 8,334,567 shares directly afterward. The filing specifies this was a tax-withholding event, not a discretionary trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 26,761 shares
Exercise Price or Tax Liability
1 txn
Insider
McClain Sean
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 26,761 | $2.99 | $80K |
Holdings After Transaction:
Common Stock — 8,334,567 shares (Direct)
Footnotes (1)
- F1. 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Absci Corp (ABSI) report in this Form 4/A?
Absci Corp reported that CEO Sean McClain had 26,761 common shares withheld to cover taxes on vesting restricted stock units. This was a tax-withholding disposition, not an open-market trade or discretionary sale by the executive.
Was the Absci (ABSI) CEO’s Form 4/A transaction a discretionary stock sale?
No, the filing states the 26,761 shares were withheld by Absci to cover tax obligations on vesting restricted stock units. The footnote clarifies this was not a discretionary trade by CEO Sean McClain in the open market.
What does transaction code "F" mean in the Absci (ABSI) CEO’s Form 4/A?
Transaction code “F” indicates payment of an exercise price or tax liability by delivering securities. In this case, 26,761 Absci shares were withheld to satisfy tax withholding on vested restricted stock units, rather than being sold in the market.
AI-generated analysis. How Rhea-AI works. Not financial advice.