Beam Therapeutics (BEAM) SVP auto-sells shares to cover RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Beam Therapeutics SVP Finance Bethany J. Cavanagh reported an automatic sale of common stock mainly to cover taxes on vesting equity awards. On April 1, 2026, 3,242 shares were sold in an open-market transaction at $24.58 per share. These shares were sold to satisfy tax withholding obligations tied to restricted stock units granted under the company’s 2019 Equity Incentive Plan that vested on multiple March 31 dates from 2022 through 2025. Following the sale, Cavanagh directly holds 51,171 Beam Therapeutics shares. The filing notes the transaction was executed under a pre-arranged Rule 10b5-1 trading plan adopted on August 9, 2024, indicating the timing was set in advance rather than chosen opportunistically.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 3,242 shares ($79,688)
Net Sell
1 txn
Insider
Cavanagh Bethany J
Role
SVP, Finance and Treasurer
Sold
3,242 shs ($80K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,242 | $24.58 | $80K |
Holdings After Transaction:
Common Stock — 51,171 shares (Direct)
Footnotes (1)
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Key Figures
Shares sold: 3,242 shares
Sale price per share: $24.58/share
Shares held after transaction: 51,171 shares
+2 more
5 metrics
Shares sold
3,242 shares
Open-market sale on April 1, 2026 to cover tax withholding
Sale price per share
$24.58/share
Price for Beam Therapeutics common stock in the reported sale
Shares held after transaction
51,171 shares
Direct Beam Therapeutics holdings by Bethany Cavanagh after the sale
RSU vesting dates
March 31, 2022–2025
Vesting dates of RSUs that created tax withholding obligations
10b5-1 plan adoption date
August 9, 2024
Date Cavanagh adopted the Rule 10b5-1 trading plan
Key Terms
restricted stock units, tax withholding obligations, 2019 Equity Incentive Plan, Rule 10b5-1 trading 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.
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. 2019 Equity Incentive Plan"
Rule 10b5-1 trading plan regulatory
"The sales were effected pursuant to a Rule 10b5-1 trading plan adopted"
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.
FAQ
What insider transaction did Beam Therapeutics (BEAM) report for Bethany Cavanagh?
Beam Therapeutics reported that SVP Finance Bethany J. Cavanagh sold 3,242 shares of common stock. The shares were sold in an automatic, non-discretionary transaction mainly to cover tax withholding obligations arising from vesting restricted stock units granted under the 2019 Equity Incentive Plan.