Tax withholding trims Absci (ABSI) CFO Jonasson’s share count
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Absci Corp executive Zachariah Jonasson, the company’s CFO and CBO, reported a tax-related share disposition. On this Form 4/A, 17,496 shares of common stock were withheld by Absci at a price of $2.99 per share to satisfy tax obligations tied to vesting restricted stock units. After this withholding transaction, Jonasson directly owned 383,538 common shares. The footnote explains that this was not a discretionary trade by Jonasson but an automatic share withholding to cover taxes.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Jonasson Zachariah
Role
CFO / CBO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 17,496 | $2.99 | $52K |
Holdings After Transaction:
Common Stock — 383,538 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Absci (ABSI) CFO Zachariah Jonasson report on this Form 4/A?
Absci CFO Zachariah Jonasson reported a tax-related share disposition. The company withheld 17,496 common shares to cover tax obligations associated with the vesting of restricted stock units, rather than Jonasson executing an open-market or discretionary trade.
Was the Absci (ABSI) CFO’s Form 4/A transaction a discretionary stock sale?
No, the filing states the transaction was not discretionary. The 17,496 shares were withheld by Absci to cover tax withholding obligations related to vesting restricted stock units, rather than being sold at the executive’s initiative in an open-market transaction.