Artiva (ARTV) SVP sells 3,095 shares in automatic tax sell-to-cover
Rhea-AI Filing Summary
Artiva Biotherapeutics, Inc. senior vice president of research and development Heather Raymon reported an open-market sale of 3,095 shares of common stock at a weighted average price of $9.0078 per share. According to the company’s sell-to-cover policy, these shares were sold automatically to satisfy tax withholding on vested restricted stock units. After this transaction, Raymon directly holds 148,228 Artiva shares.
Positive
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Insights
Routine, automatic tax-related sale with limited signaling value.
The transaction involves 3,095 Artiva Biotherapeutics shares sold at a weighted average of $9.0078 per share. A footnote states the issuer uses a sell-to-cover policy for tax withholding on vested restricted stock units.
The filing explains these shares were sold automatically to satisfy tax obligations and were not at Heather Raymon’s discretion. Following the sale, Raymon still directly owns 148,228 shares, indicating the sale affects only a small portion of the disclosed holdings.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,095 | $9.0078 | $28K |
Footnotes (1)
- The Issuer has adopted a 'sell-to-cover' policy to satisfy the tax withholding obligations of the Reporting Person. The sales reported on this Form 4 represent the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and release of restricted stock units. Such sales were automatic and not at the discretion of the Reporting Person. The weighted average sale price for the transaction reported was $9.0078, and the range of prices were between $8.7447 and $9.0104. Upon request by the SEC staff, the Issuer, or any security holder of the Issuer, full information regarding the number of shares sold at each separate price will be provided.