Amylyx (AMLX) Co-CEO sells shares to cover RSU tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Amylyx Pharmaceuticals Co-Chief Executive Officer Justin B. Klee reported an open-market sale of common stock tied to tax withholding. On March 2, he sold 29,282 shares at a weighted average price of $14.4717 per share to cover withholding obligations from vesting restricted stock units. The filing notes these sales were automatic and not at his discretion, and he continued to hold 3,334,616 shares of Amylyx common stock directly after the transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 29,282 shares ($423,760)
Net Sell
1 txn
Insider
Klee Justin B.
Role
Co-Chief Executive Officer
Sold
29,282 shs ($424K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 29,282 | $14.4717 | $424K |
Holdings After Transaction:
Common Stock — 3,334,616 shares (Direct)
Footnotes (1)
- Represents shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units. Such sales were automatic and not at the discretion of the Reporting Person. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $14.450 to $15.360. Full information regarding the number of shares sold at each separate price can be furnished to the SEC staff upon request.
FAQ
What insider transaction did Amylyx (AMLX) report for Justin B. Klee?
Amylyx reported that Co-Chief Executive Officer Justin B. Klee sold 29,282 shares of common stock. The sale occurred on March 2 and was tied to tax withholding obligations arising from the vesting of restricted stock units, rather than a discretionary share sale.
What type of transaction is reported in Justin B. Klee’s Amylyx Form 4?
The Form 4 reports an open-market sale of non-derivative common stock. The transaction code is “S,” and the filing clarifies that the sale was executed automatically to satisfy tax withholding requirements associated with vesting restricted stock units held by Justin B. Klee.