Absci Corp (ABSI) CFO reports 8,319-share tax withholding on RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Absci Corp CFO/CBO Zachariah Jonasson reported a Form 4 transaction where 8,319 shares of common stock were withheld by the company at $6.75 per share to cover tax obligations from vesting restricted stock units.
The filing explains this was a tax-withholding disposition, not a discretionary market trade. After this withholding, Jonasson directly owns 491,464 shares of Absci common stock, showing he retains a substantial equity position in the company.
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 | 8,319 | $6.75 | $56K |
Holdings After Transaction:
Common Stock — 491,464 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for tax: 8,319 shares
Withholding price: $6.75 per share
Shares held after transaction: 491,464 shares
3 metrics
Shares withheld for tax
8,319 shares
Common stock withheld to cover tax on RSU vesting
Withholding price
$6.75 per share
Value used for tax-withholding disposition
Shares held after transaction
491,464 shares
Direct ownership after tax withholding
Key Terms
restricted stock units, tax withholding obligation, tax-withholding disposition, non-derivative
4 terms
restricted stock units financial
"in connection with the vesting of these restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligation financial
"withheld by the Issuer to cover the tax withholding obligation"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
non-derivative financial
"transaction_type": "non-derivative""
FAQ
What insider transaction did Absci Corp (ABSI) report for Zachariah Jonasson?
Absci reported that CFO/CBO Zachariah Jonasson had 8,319 common shares withheld to cover taxes from vesting restricted stock units. This was recorded at $6.75 per share and classified as a tax-withholding disposition, not an open-market trade.
What does the tax-withholding disposition in Absci’s (ABSI) Form 4 mean for investors?
The tax-withholding disposition reflects shares withheld by Absci to pay Jonasson’s tax obligations on vesting equity, rather than a market sale. Such non-discretionary events are routine in equity compensation programs and do not indicate an active decision to reduce share ownership.