Altimmune (NASDAQ: ALT) director logs RSU vesting and tax share surrender
Rhea-AI Filing Summary
Altimmune director Vipin K. Garg reported an RSU vesting and related tax share surrender. On January 25, 2026, 42,050 Restricted Stock Units were converted into 42,050 shares of common stock at a stated price of $0 per share. On the same date, 17,984 shares of common stock were surrendered to Altimmune at $5.50 per share to cover taxes due on the RSU vesting. After these transactions, Garg directly holds 379,148 shares of Altimmune common stock and 84,100 RSUs, which vest in substantially equal annual installments over four years starting January 25, 2024.
Positive
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Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 42,050 | $0.00 | -- |
| Exercise | Common Stock, par value $0.0001 | 42,050 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.0001 | 17,984 | $5.50 | $99K |
Footnotes (1)
- Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Common Stock, par value $0.0001, when vested. Vesting transaction: Shares surrendered to the Issuer solely to cover taxes associated with vesting of RSUs. The RSUs vest in substantially equal annual installments over the 4 years following January 25, 2024, subject to the reporting person's continued service through the applicable vesting date, and have no expiration date.
FAQ
What insider activity did Altimmune (ALT) report for Vipin K. Garg?
Altimmune director Vipin K. Garg reported the vesting of 42,050 Restricted Stock Units into common shares on January 25, 2026, along with a related tax share surrender.
How were taxes handled on Vipin K. Garg’s Altimmune RSU vesting?
To cover taxes on the RSU vesting, 17,984 shares of Altimmune common stock were surrendered to the company at a price of $5.50 per share, described as a vesting transaction to satisfy tax obligations.
How do Vipin K. Garg’s Altimmune RSUs vest over time?
The RSUs vest in substantially equal annual installments over four years following January 25, 2024, subject to his continued service on each vesting date, and they have no expiration date.
What does each Altimmune RSU reported by Vipin K. Garg represent?
Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of Altimmune common stock when it vests, as described in the footnotes.