Beam Therapeutics (NASDAQ: BEAM) CMO sells 373 shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Beam Therapeutics Inc. Chief Medical Officer Amy Simon reported an open-market sale of 373 shares of common stock at $34.73 per share. According to the disclosure, these shares were automatically sold in a non-discretionary transaction to cover tax withholding obligations upon vesting of restricted stock units granted under the 2019 Equity Incentive Plan. The sales were executed under a pre-arranged Rule 10b5-1 trading plan. Following the transaction, Simon directly holds 102,363 shares of Beam Therapeutics common stock.
Positive
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Negative
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Insider Trade Summary 10b5-1
Net Seller: 373 shares ($12,954)
Net Sell
1 txn
Insider
Simon Amy
Role
Chief Medical Officer
Sold
373 shs ($13K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 373 | $34.73 | $13K |
Holdings After Transaction:
Common Stock — 102,363 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 373 shares
Sale price: $34.73 per share
Shares held after transaction: 102,363 shares
+1 more
4 metrics
Shares sold
373 shares
Open-market sale on June 30, 2026
Sale price
$34.73 per share
Price for the 373 shares sold
Shares held after transaction
102,363 shares
Direct common stock holdings after June 30, 2026 sale
Transaction type
Open-market sale (non-derivative)
Form 4 code S, common stock
Key Terms
restricted stock units, Rule 10b5-1 trading plan, tax withholding obligations, 2019 Equity Incentive Plan
4 terms
restricted stock units financial
"upon the vesting of certain restricted stock units granted to the Reporting Person"
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.
Rule 10b5-1 trading plan regulatory
"The sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
tax withholding obligations financial
"sold in a non-discretionary transaction by the Reporting Person in order to cover tax withholding obligations"
2019 Equity Incentive Plan financial
"granted to the Reporting Person under the Beam Therapeutics Inc. ("BEAM") 2019 Equity Incentive Plan"
FAQ
What insider transaction did Beam Therapeutics (BEAM) report for Amy Simon?
Beam Therapeutics reported that Chief Medical Officer Amy Simon sold 373 common shares at $34.73 each. The shares were automatically sold to cover tax withholding on vested restricted stock units under the company’s 2019 Equity Incentive Plan.
What plan governed the restricted stock units in this Beam Therapeutics (BEAM) Form 4?
The restricted stock units that vested and triggered the tax sale were granted under the Beam Therapeutics Inc. 2019 Equity Incentive Plan. This plan provides equity-based compensation, such as RSUs, to the company’s employees and executives.