Amarin (NASDAQ: AMRN) director exercises RSUs; 403 ADS withheld for taxes
Rhea-AI Filing Summary
Amarin director Odysseas D. Kostas reported routine equity compensation activity involving American Depositary Shares (ADS). On April 18, 2026, he exercised 838 Restricted Stock Units (RSUs), acquiring 838 ADS at a stated price of $0.00 per ADS.
In connection with this vesting, 403 ADS were withheld by Amarin to cover related tax liabilities, as described in the filing as a tax-withholding disposition under Rule 16b-3, not a market sale. After these transactions, Kostas directly held 1,239 ADS.
The RSUs stem from a grant of 2,514 RSUs made on April 18, 2024 under Amarin’s 2020 Stock Incentive Plan, vesting in three equal installments on April 18, 2025, 2026, and 2027. Each RSU represents a contingent right to receive twenty ordinary shares or cash, and all reported amounts reflect a prior ADS ratio change.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 838 | $0.00 | -- |
| Exercise | American Depositary Shares | 838 | $0.00 | -- |
| Tax Withholding | American Depositary Shares | 403 | $14.98 | $6K |
Footnotes (1)
- Effective April 11, 2025, the Issuer implemented a ratio change that one (1) American Depositary Share ("ADS") currently represents twenty (20) Ordinary Shares ("ADS Ratio Change"). Proportionate adjustments were made to the Issuer's outstanding equity awards. The amount of securities reported on this Form 4 reflect the ADS Ratio Change. On April 18, 2024, following the conclusion of the Issuer's annual general meeting of shareholders for 2024, the Reporting Person was granted 2,514 RSUs under the Amarin Corporation plc 2020 Stock Incentive Plan (the "Plan"). These RSUs vest in three equal installments on each of April 18, 2025, April 18, 2026 and April 18, 2027. Not applicable. Represents withholding by the Issuer of shares in respect of tax liability incident to the vesting of a security issued in accordance with Rule 16b-3, and not a market sale of securities. Each RSU represents a contingent right to receive twenty Ordinary Shares or cash in lieu thereof at the Issuer's discretion.