Acadia Pharmaceuticals (ACAD) EVP sells 16,558 shares after RSUs vest
Rhea-AI Filing Summary
ACADIA Pharmaceuticals executive Elizabeth H.Z. Thompson, EVP and Head of Research & Development, reported vesting and conversion of 32,272 restricted stock units into common stock on July 29, 2026. To cover withholding taxes on this vesting, she sold 16,558 shares of common stock on July 30, 2026 at prices around $26.13–$26.17 per share in mandatory transactions intended to comply with Rule 10b5-1(c) requirements. The RSU award vests 50% on July 29, 2026 and 25% on each of July 29, 2027 and July 29, 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
4 txns
Insider
Thompson Elizabeth H.Z.
Role
EVP, Head of Research & Dev
Sold
16,558 shs ($433K)
Approx. gross sale proceeds
$433K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F2 | 16,508 | $26.13 | $431K |
| Sale | Common Stock F2 | 50 | $26.17 | $1K |
| Exercise | Restricted Stock Units F1, F3 | 32,272 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 32,272 | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 32,272 shares (Direct);
Common Stock — 18,994 shares (Direct)
Footnotes (3)
- F1. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
- F2. The mandatory sales reported in this Form 4 were made to cover withholding taxes and tax related items imposed by the Issuer in connection with the vesting of restricted stock units, and it is intended to comply with the requirements of Rule 10b5-1(c)(1)(i)(B) under the Exchange Act and be interpreted to meet the requirements of Rule 10b5-1(c).
- F3. 50% of the restricted stock units vested on July 29, 2026 and 25% vest on each of July 29, 2027 and July 29, 2028.
Key Figures
RSUs converted to common stock: 32,272 shares
Shares sold at $26.13: 16,508 shares
Shares sold at $26.17: 50 shares
+3 more
6 metrics
RSUs converted to common stock
32,272 shares
Restricted stock units converted into common stock on July 29, 2026
Shares sold at $26.13
16,508 shares
Common stock sold on July 30, 2026 at $26.13 per share to cover withholding taxes
Shares sold at $26.17
50 shares
Additional common stock sold on July 30, 2026 at $26.17 per share
Total shares sold
16,558 shares
Aggregate common shares sold in tax-related transactions on July 30, 2026
Initial RSU vesting portion
50%
Portion of the restricted stock units that vested on July 29, 2026
Subsequent RSU vesting portions
25% each
Remaining RSUs vest on July 29, 2027 and July 29, 2028
Key Terms
Restricted Stock Units, withholding taxes, Rule 10b5-1(c)(1)(i)(B), contingent right
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share"
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.
withholding taxes financial
"mandatory sales reported were made to cover withholding taxes and tax related items"
Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.
Rule 10b5-1(c)(1)(i)(B) regulatory
"intended to comply with the requirements of Rule 10b5-1(c)(1)(i)(B) under the Exchange Act"
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider stock transactions did ACAD executive Elizabeth H.Z. Thompson report?
Elizabeth H.Z. Thompson reported vesting and conversion of 32,272 restricted stock units into ACADIA common stock, followed by sales of 16,558 shares to cover withholding taxes related to that RSU vesting.
What is the vesting schedule of Thompson’s ACADIA (ACAD) restricted stock units?
According to the disclosure, 50% of the restricted stock units vested on July 29, 2026, with 25% vesting on July 29, 2027 and the remaining 25% on July 29, 2028, each representing one share of common stock when vested.
How do the ACAD RSU sales relate to SEC Rule 10b5-1(c)?
The company notes the mandatory sales to cover RSU tax withholding are intended to comply with Rule 10b5-1(c)(1)(i)(B) under the Exchange Act and be interpreted to meet the requirements of Rule 10b5-1(c).