Artiva Biotherapeutics (ARTV) CMO sells 7,037 shares in tax sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Artiva Biotherapeutics' Chief Medical Officer, Subhashis Banerjee, sold 7,037 shares of common stock in an open-market transaction at a weighted average price of $9.0076 per share. The company explains these automatic sales were made solely to cover tax withholding obligations tied to vested restricted stock units. Following the sale, Banerjee directly holds 144,963 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 7,037 shares ($63,386)
Net Sell
1 txn
Insider
Banerjee Subhashis
Role
Chief Medical Officer
Sold
7,037 shs ($63K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 7,037 | $9.0076 | $63K |
Holdings After Transaction:
Common Stock — 144,963 shares (Direct, null)
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 $9.0076, and the range of prices were between $8.7404 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.
Key Figures
Shares sold: 7,037 shares
Weighted average sale price: $9.0076 per share
Price range: $8.7404–$9.0104 per share
+1 more
4 metrics
Shares sold
7,037 shares
Open-market sale on 2026-05-19 to cover tax withholding
Weighted average sale price
$9.0076 per share
Automatic sell-to-cover transaction
Price range
$8.7404–$9.0104 per share
Range of prices for the reported sale
Shares held after transaction
144,963 shares
Direct holdings of Subhashis Banerjee following the sale
Key Terms
sell-to-cover, restricted stock units, weighted average sale price, tax withholding obligations
4 terms
sell-to-cover financial
"The Issuer has adopted a 'sell-to-cover' policy to satisfy the tax withholding obligations"
Sell-to-cover is when part of newly issued or exercised company stock is immediately sold to pay required taxes and fees, so the recipient keeps the remaining shares. For investors this matters because it reduces the number of shares insiders or employees actually hold after a grant, can create small, routine share sales that aren’t signal of cashing out, and slightly increases share supply on the market—like selling a portion of a paycheck to cover the tax bill.
restricted stock units financial
"in connection with the vesting and release of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
weighted average sale price financial
"The weighted average sale price for the transaction reported was $9.0076"
tax withholding obligations financial
"to satisfy the tax withholding obligations of the Reporting Person"
FAQ
What did Artiva Biotherapeutics (ARTV) disclose about Subhashis Banerjee's recent stock sale?
Artiva Biotherapeutics reported that Chief Medical Officer Subhashis Banerjee sold 7,037 shares of common stock. The company states the transaction was an automatic sell-to-cover trade to satisfy tax withholding obligations from vesting restricted stock units, not a discretionary open-market sale.
Was the recent ARTV insider sale part of a discretionary trading decision?
The Form 4 indicates the sale was not discretionary. Artiva states the company’s sell-to-cover policy required selling 7,037 shares automatically to cover tax withholding generated by restricted stock unit vesting, rather than reflecting an independent trading decision by Subhashis Banerjee.