Bicycle Therapeutics (BCYC) executive sells shares to cover RSU tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BICYCLE THERAPEUTICS PLC executive Michael Charles Ferguson reported small share sales linked to tax withholding on vested RSUs. He sold a total of 1,761 Ordinary Shares in two open-market transactions at weighted average prices of about $4.27 and $4.31 per share. According to the footnotes, these sales were mandated under a "sell to cover" arrangement to satisfy minimum statutory tax obligations from RSU vesting, rather than discretionary trading. After these transactions, he directly holds 94,375 Ordinary Shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,761 shares ($7,530)
Net Sell
2 txns
Insider
Hannay Michael Charles Ferguson
Role
CHIEF PROD & SUPPLY CHAIN OFF
Sold
1,761 shs ($8K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 255 | $4.31 | $1K |
| Sale | Ordinary Shares | 1,506 | $4.27 | $6K |
Holdings After Transaction:
Ordinary Shares — 94,375 shares (Direct, null)
Footnotes (1)
- Represents the number of shares required to be sold to cover the statutory tax withholding obligations in connection with the vesting and settlement of the RSUs. This sale is mandated by the Reporting Person's award agreement that requires the satisfaction of minimum statutory tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary sale by the Reporting Person. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.26 to $4.29 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) and (3). The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.30 to $4.31 inclusive.
Key Figures
Total shares sold: 1,761 shares
First sale size: 1,506 shares
Second sale size: 255 shares
+3 more
6 metrics
Total shares sold
1,761 shares
Mandated sell-to-cover for RSU tax withholding
First sale size
1,506 shares
Ordinary Shares sold at $4.27 weighted average
Second sale size
255 shares
Ordinary Shares sold at $4.31 weighted average
Holding after transactions
94,375 shares
Direct ownership of Ordinary Shares after sales
Price range (first sale)
$4.26–$4.29
Weighted average price footnote for larger sale
Price range (second sale)
$4.30–$4.31
Weighted average price footnote for smaller sale
Key Terms
RSUs, statutory tax withholding, sell to cover, weighted average price, +1 more
5 terms
RSUs financial
"in connection with the vesting and settlement of the RSUs."
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
statutory tax withholding financial
"sold to cover the statutory tax withholding obligations in connection"
sell to cover financial
"requires the satisfaction of minimum statutory tax withholding obligations to be funded by a "sell to cover" transaction"
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
multiple transactions financial
"These shares were sold in multiple transactions at prices ranging"
FAQ
What insider transactions did BCYC executive Michael Ferguson report?
Michael Ferguson reported two small open-market sales totaling 1,761 Ordinary Shares. The transactions occurred at weighted average prices around $4.27 and $4.31 per share. These sales were linked to tax withholding obligations on vested RSUs rather than discretionary trading decisions.