Amylyx Pharmaceuticals (NASDAQ: AMLX) CEO sells 7,715 shares for tax withholding
Rhea-AI Filing Summary
Amylyx Pharmaceuticals, Inc. Co-Chief Executive Officer and director Justin B. Klee reported a sale of company common stock. On January 6, 2026, he sold 7,715 shares of Amylyx common stock at a weighted average price of $11.0939 per share. According to the disclosure, these shares were sold to cover tax withholding obligations arising from the vesting of restricted stock units, and the sales were automatic rather than discretionary. Following this transaction, Klee directly beneficially owned 3,317,586 shares of Amylyx common stock.
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FAQ
What insider transaction did Amylyx Pharmaceuticals (AMLX) report on this Form 4?
The Form 4 reports that Co-Chief Executive Officer and director Justin B. Klee sold 7,715 shares of Amylyx Pharmaceuticals common stock on January 6, 2026.
What was the purpose of Justin B. Klee’s share sale at Amylyx Pharmaceuticals (AMLX)?
The filing states the 7,715 shares were sold to cover tax withholding obligations in connection with the vesting of restricted stock units, and the sales were automatic and not at his discretion.
What price did the Amylyx (AMLX) insider receive for the sold shares?
The reported weighted average sale price was $11.0939 per share. The shares were sold in multiple transactions at prices ranging from $10.99 to $11.16 per share.
How many Amylyx Pharmaceuticals (AMLX) shares does Justin B. Klee own after this transaction?
After the reported sale, Justin B. Klee beneficially owned 3,317,586 shares of Amylyx Pharmaceuticals common stock in direct ownership.
Is the reported Amylyx (AMLX) transaction in derivative securities or common stock?
The reported transaction involves non-derivative securities, specifically Amylyx Pharmaceuticals common stock. The section for derivative securities shows no transactions.
Were the Amylyx (AMLX) insider share sales discretionary trades by Justin B. Klee?
No. The explanation states the shares were sold to cover tax withholding obligations tied to restricted stock unit vesting and that the sales were automatic and not at the discretion of the reporting person.