Absci CFO reports tax-related share withholding
Absci Corp executive reports tax-related share withholding Absci Corp CFO/CBO Zachariah Jonasson reported a disposition of 8,307 shares of common stock at $2.74 per share.
Rhea-AI Filing Summary
Absci Corp executive reports tax-related share withholding
Absci Corp CFO/CBO Zachariah Jonasson reported a disposition of 8,307 shares of common stock at $2.74 per share. The shares were withheld by the company to cover tax obligations from vesting restricted stock units, not from a discretionary trade. After this, he directly owns 375,231 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 8,307 shares
Exercise Price or Tax Liability
1 txn
Insider
Jonasson Zachariah
Role
CFO / CBO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 8,307 | $2.74 | $23K |
Holdings After Transaction:
Common Stock — 375,231 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 for Zachariah Jonasson?
Absci Corp reported that CFO/CBO Zachariah Jonasson had 8,307 common shares withheld at $2.74 per share. These shares covered tax obligations from vesting restricted stock units, rather than representing an open-market or discretionary sale by the executive.
What does transaction code F mean in the Absci (ABSI) Form 4 filing?
Transaction code F indicates payment of exercise price or tax liability by delivering securities. In this case, Absci withheld 8,307 shares from Zachariah Jonasson to cover tax withholding from restricted stock units vesting, rather than a normal market purchase or sale.
AI-generated analysis. How Rhea-AI works. Not financial advice.