Absci CEO has shares withheld for RSU taxes
Absci Corp Chief Executive Officer Sean McClain reported a tax-related share disposition tied to restricted stock vesting.
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Rhea-AI Filing Summary
Absci Corp Chief Executive Officer Sean McClain reported a tax-related share disposition tied to restricted stock vesting. On this Form 4, 59,896 shares of common stock were withheld by the company at $10.075 per share to cover tax obligations arising from the vesting of 150,000 performance-based RSUs triggered by a $10.00 stock price condition. After this non-discretionary withholding, McClain directly holds 8,655,555 shares of Absci common stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 59,896 | $10.075 | $603K |
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 150,000 performance-based RSUs upon achievement of a closing stock price equal to or exceeding $10.00 per share, as previously reported in the Reporting Person's Form 4 filed on March 21, 2024, and does not represent a discretionary trade by the Reporting Person.
Key Figures
Key Terms
performance-based RSUs financial
tax withholding obligation financial
vesting financial
non-discretionary trade financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Absci (ABSI) CEO Sean McClain report on this Form 4?
Does Sean McClain’s Form 4 show an open-market sale of Absci (ABSI) stock?
What performance condition triggered the vesting of Sean McClain’s Absci (ABSI) RSUs?
AI-generated analysis. How Rhea-AI works. Not financial advice.