Absci Corp (ABSI) SVP awarded RSUs, options; shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Absci Corp executive Todd Bedrick reported equity compensation changes. He received 49,600 shares of common stock as restricted stock units and a stock option for 195,900 shares, while 5,282 shares were withheld at about $2.80 per share to cover tax on vesting rather than from a discretionary sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Bedrick Todd
Role
SVP, CAO
| 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 | -- |
Holdings After Transaction:
Common Stock — 216,942 shares (Direct);
Stock Option (right to buy) — 195,900 shares (Direct)
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.
FAQ
What equity awards did Absci Corp (ABSI) SVP Todd Bedrick receive?
Todd Bedrick received a grant of 49,600 shares of Absci Corp common stock as restricted stock units and a stock option for 195,900 shares. These awards were granted at a price of $0.00 per share as part of his equity compensation package.
How will Todd Bedrick’s Absci (ABSI) restricted stock units vest?
The restricted stock units reported for Todd Bedrick will vest in three substantially equal annual installments, starting March 1, 2027. Vesting is conditioned on his continuous service with Absci Corp on each vesting date, aligning the award with long-term employment and performance.
How do Todd Bedrick’s new Absci (ABSI) stock options vest?
The stock options granted to Todd Bedrick vest over three years in substantially equal annual installments, with the first installment vesting on March 1, 2027. Each vesting date requires his continued service with Absci Corp, gradually increasing his exercisable option holdings over time.