Acrivon Therapeutics (ACRV) COO has shares withheld for RSU tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Acrivon Therapeutics Chief Operating Officer Eric Devroe reported a small tax-related share disposition. On the vesting of restricted stock units, 723 shares of common stock were withheld by the company at a price of $1.63 per share to cover mandatory tax withholding. After this non-market transaction, Devroe directly holds 74,585 shares of Acrivon Therapeutics common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Devroe Eric
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 723 | $1.63 | $1K |
Holdings After Transaction:
Common Stock — 74,585 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Acrivon Therapeutics (ACRV) report for Eric Devroe?
Acrivon Therapeutics reported that COO Eric Devroe had 723 common shares withheld to cover taxes when his restricted stock units vested. This was coded as a tax-withholding disposition rather than an open-market purchase or sale of ACRV shares.
Was the ACRV insider transaction by Eric Devroe an open-market sale?
No, the transaction was not an open-market sale. The 723 ACRV shares were withheld by Acrivon Therapeutics to satisfy mandatory tax withholding upon restricted stock unit vesting, a common administrative process reflected with transaction code "F" on the Form 4.
What does transaction code "F" mean in the ACRV Form 4 for Eric Devroe?
Transaction code "F" on the ACRV Form 4 indicates shares were used to pay a tax liability or exercise price. In this case, 723 shares were withheld by Acrivon Therapeutics to satisfy mandatory tax withholding when Devroe’s restricted stock units vested.
Is Eric Devroe’s ACRV ownership classified as direct or indirect after this filing?
Eric Devroe’s ACRV ownership is classified as direct after this transaction. The Form 4 shows the 74,585 shares he holds following the tax-withholding disposition are reported with a direct ownership code, without any intermediary entities noted in the ownership description.