Absci CEO exercises options, withholds shares for taxes
Absci Corp director and CEO Sean McClain exercised stock options and had shares withheld for taxes.
Rhea-AI Filing Summary
Absci Corp director and CEO Sean McClain exercised stock options and had shares withheld for taxes. On February 23, 2026, he exercised options to purchase 396,399 shares of common stock at an exercise price of $1.21 per share before their March 3, 2026 expiration.
To cover the option exercise price and applicable tax withholding obligations, 267,008 shares of common stock were disposed of through share withholding, rather than an open-market sale, at $2.65 per share. After these transactions, McClain directly owned 8,463,958 shares of Absci common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 396,399 | $0.00 | $0.00 |
| Exercise | Common Stock | 396,399 | $1.21 | $480K |
| Exercise Price or Tax Liability | Common Stock | 267,008 | $2.65 | $708K |
Footnotes (1)
- F1. On February 23, 2026, the Reporting Person exercised options to purchase 396,399 shares of the Issuer's Common Stock at an exercise price of $1.21 per share prior to their March 3, 2026 expiration. Shares were withheld to cover the exercise price and applicable tax withholding obligations.
FAQ
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What insider transactions did Absci (ABSI) CEO Sean McClain report?
At what prices were Sean McClain’s Absci (ABSI) Form 4 transactions recorded?
Were Sean McClain’s Absci (ABSI) transactions open-market buys or sells?
AI-generated analysis. How Rhea-AI works. Not financial advice.