ACRV Insider Filing: Chief Legal Officer Withholds 184 Shares for Taxes
Rhea-AI Filing Summary
Mary Miller, Chief Legal Officer of Acrivon Therapeutics, Inc. (ACRV), reported a transaction on 08/14/2025 involving the company’s common stock. The filing shows 184 shares were disposed at a price of $1.39 per share.
The form states these shares were withheld by the issuer to satisfy a mandatory tax withholding obligation upon the vesting of restricted stock units. After the withholding, Ms. Miller beneficially owns 35,581 shares directly. The Form 4 was signed by an attorney-in-fact on 08/18/2025.
Positive
- Disclosure of tax-withholding on RSU vesting is explicit, clarifying the nature of the 184-share disposition
- Officer retains significant direct ownership with 35,581 shares after the withholding
Negative
- Shares were disposed (184 shares) to satisfy tax withholding, reducing the reporting person's share count
- Reported withholding value $1.39 may reflect a low per-share valuation used for tax purposes
Insights
TL;DR: Routine tax-withholding disposition after RSU vesting; small in size relative to ownership, no evident change in control.
The transaction code F(1) and the explanation confirm the 184-share disposition was a non-market event: shares were withheld by the issuer to satisfy tax withholding on vested restricted stock units. The per-share amount reported ($1.39) reflects the value used for withholding rather than an open-market sale. Post-transaction direct beneficial ownership is 35,581 shares, which indicates continued equity alignment with management. Materiality is low given the small share count.
TL;DR: Disclosure aligns with Section 16 reporting requirements; the filing documents routine compensation-related withholding.
The Form 4 properly identifies the reporting person, role