C4 Therapeutics (NASDAQ: CCCC) CFO gets 240,000 RSU award, tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
C4 Therapeutics, Inc. reported insider equity activity by Chief Financial Officer Kendra Adams. She received a grant of 240,000 restricted stock units (RSUs), which vest in stages through February 13, 2029, based on time and performance conditions.
Adams also acquired 30,950 and 3,750 shares of common stock through vesting and exercise of previously granted RSUs, and 15,381 and 1,863 shares were withheld by the company at $1.89 per share to cover tax obligations. After these transactions, she directly holds 385,098 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Adams Kendra
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Common Stock | 30,950 | $0.00 | -- |
| Tax Withholding | Common Stock | 15,381 | $1.89 | $29K |
| Grant/Award | Common Stock | 240,000 | $0.00 | -- |
| Exercise | Common Stock | 3,750 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,863 | $1.89 | $4K |
Holdings After Transaction:
Common Stock — 400,479 shares (Direct)
Footnotes (1)
- Represents restricted stock units ("RSUs"). Each RSU represents the contingent right to receive one share of the Issuer's Common Stock upon vesting and settlement. The RSUs shall vest as follows: (i) 120,000 RSUs shall vest in three equal annual installments following the grant date, with the first installment vesting on February 13, 2027, and (ii) 120,000 RSUs shall vest in full on February 13, 2029, subject to potential acceleration upon achievement of certain performance milestones. Reflects the acquisition of shares of Common Stock upon vesting of previously disclosed grants of RSUs. The grants of RSUs were initially reported in Table I of the Forms 4 filed by the Reporting Person on February 15, 2023, February 14, 2024 and February 18, 2025. Represents shares withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting and settlement of RSUs and does not represent a sale by the Reporting Person.
FAQ
What did C4 Therapeutics (CCCC) disclose in this Form 4 for its CFO?
C4 Therapeutics reported that CFO Kendra Adams received a 240,000 RSU grant and had additional RSUs vest and settle into common stock, with some shares withheld to cover taxes. These transactions update her direct ownership position in the company’s stock.
How many RSUs were granted to the C4 Therapeutics (CCCC) CFO?
Kendra Adams received a grant of 240,000 restricted stock units. Half vest in three equal annual installments starting February 13, 2027, and the remaining 120,000 vest in full on February 13, 2029, subject to specified performance milestones being achieved.
Were any of the C4 Therapeutics (CCCC) CFO’s Form 4 transactions open-market sales?
No, the Form 4 shows no open-market sales. Shares labeled with transaction code “F” were withheld by C4 Therapeutics at $1.89 per share solely to satisfy tax obligations related to RSU vesting, which the filing states does not represent a sale by the CFO.
What is the vesting schedule for the new C4 Therapeutics (CCCC) RSU grant?
The 240,000 RSUs vest in two parts: 120,000 vest in three equal annual installments starting February 13, 2027, and the remaining 120,000 vest in full on February 13, 2029, with potential acceleration if certain performance milestones are met.