CGTX CFO has shares withheld for taxes
COGNITION THERAPEUTICS INC Chief Financial Officer John Brendan Doyle reported a tax-related share disposition.
Rhea-AI Filing Summary
COGNITION THERAPEUTICS INC Chief Financial Officer John Brendan Doyle reported a tax-related share disposition. On the vesting of restricted stock units, the issuer withheld 1,560 shares of common stock at $1.12 per share to cover tax obligations, leaving Doyle with 617,509 directly owned shares after the transaction.
Positive
- None.
Negative
- None.
Insights
Routine tax withholding on vested equity; no open-market selling.
The filing shows the CFO had 1,560 common shares withheld at $1.12 per share to satisfy tax obligations on restricted stock unit vesting. The footnote specifies this is issuer withholding, not a discretionary market trade.
After this tax-withholding disposition, the CFO directly holds 617,509 common shares. This type of transaction is common in stock-based compensation programs and does not, by itself, signal a change in sentiment. Future company filings may provide broader context on overall equity awards and ownership.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,560 | $1.12 | $2K |
Footnotes (1)
- F1. Represents the number of shares withheld by the Issuer to cover tax withholding obligations in connection with the vesting of restricted stock units.
FAQ
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What did CGTX CFO John Brendan Doyle report in this Form 4?
Was the CGTX CFO’s Form 4 transaction an open-market stock sale?
What does transaction code F mean in the CGTX CFO’s Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.