Adaptive Biotechnologies (ADPT) CEO sells shares to cover tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Adaptive Biotechnologies Corp CEO and Chairman Chad M. Robins reported mandated share sales tied to equity award vesting. On March 11, 2026, he sold a total of 470,167 shares of Common Stock at $13.17 per share in open-market transactions.
Footnotes explain these sales were required to cover tax withholding obligations from vesting RSUs and performance share units under the company’s equity incentive plans, and they were not discretionary trades. After these transactions, Robins directly holds 2,301,113 shares of Adaptive Biotechnologies Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 470,167 shares ($6,192,099)
Net Sell
2 txns
Insider
ROBINS CHAD M
Role
CEO and Chairman
Sold
470,167 shs ($6.19M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 140,567 | $13.17 | $1.85M |
| Sale | Common Stock | 329,600 | $13.17 | $4.34M |
Holdings After Transaction:
Common Stock — 2,630,713 shares (Direct)
Footnotes (1)
- This transaction represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person. This transaction represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of performance share units. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
FAQ
What insider transaction did Adaptive Biotechnologies (ADPT) CEO Chad Robins report?
CEO Chad Robins reported mandated sales of 470,167 shares of Adaptive Biotechnologies Common Stock. The shares were sold at $13.17 per share on March 11, 2026 to satisfy tax withholding obligations related to vesting RSUs and performance share units.