Beam Therapeutics (BEAM) president’s 11,810-share sale covers RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Beam Therapeutics President Giuseppe Ciaramella reported an automatic sale of 11,810 shares of common stock at $24.58 per share. The shares were sold to cover tax withholding obligations tied to previously granted restricted stock units and executed under a pre-arranged Rule 10b5-1 trading plan. After this transaction, he directly holds 218,406 shares of Beam Therapeutics common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 11,810 shares ($290,290)
Net Sell
1 txn
Insider
Ciaramella Giuseppe
Role
President
Sold
11,810 shs ($290K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 11,810 | $24.58 | $290K |
Holdings After Transaction:
Common Stock — 218,406 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 11,810 shares
Sale price: $24.58 per share
Shares held after sale: 218,406 shares
+1 more
4 metrics
Shares sold
11,810 shares
Open-market sale on 2026-04-01
Sale price
$24.58 per share
Price for Beam Therapeutics common stock sold
Shares held after sale
218,406 shares
Direct holdings after the reported transaction
RSU grant vesting dates
March 31, 2022, 2023, 2024, 2025
RSUs whose vesting triggered tax-withholding sale
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"
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
"under the Beam Therapeutics Inc. 2019 Equity Incentive Plan"
FAQ
What insider transaction did Beam Therapeutics (BEAM) report for its president?
Beam Therapeutics reported that President Giuseppe Ciaramella automatically sold 11,810 shares of common stock at $24.58 per share. The sale covered tax withholding obligations tied to vested restricted stock units under the company’s 2019 Equity Incentive Plan.
Was the Beam Therapeutics (BEAM) insider sale made under a Rule 10b5-1 plan?
Yes. The footnote states the tax-related sales were effected under a Rule 10b5-1 trading plan adopted on May 23, 2023. Such pre-arranged plans are designed to systematize trades and reduce the influence of inside information on transaction timing.