Cognition Therapeutics (CGTX) CEO RSU vesting leads to 5,850-share tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cognition Therapeutics CEO Lisa Ricciardi reported a tax-related share disposition. On the vesting of restricted stock units, the company withheld 5,850 shares of common stock at $1.12 per share to cover tax obligations. After this, she directly owns 1,706,676 shares, plus 38,851 shares held indirectly by her spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Ricciardi Lisa
Role
CEO & President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 5,850 | $1.12 | $7K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,706,676 shares (Direct);
Common Stock — 38,851 shares (Indirect, By Spouse)
Footnotes (1)
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FAQ
What insider transaction did Cognition Therapeutics (CGTX) report for Lisa Ricciardi?
Lisa Ricciardi reported a tax-withholding share disposition. Cognition Therapeutics withheld 5,850 common shares upon vesting of restricted stock units to satisfy tax obligations, a non-market transaction rather than an open-market sale or purchase.
Was the Cognition Therapeutics (CGTX) Form 4 a market sale by the CEO?
No, the Form 4 reflects tax withholding, not a market sale. The 5,850 Cognition Therapeutics shares were withheld by the issuer to cover tax obligations from restricted stock unit vesting, rather than being sold on the open market.
What does transaction code F mean in the Cognition Therapeutics (CGTX) Form 4?
Transaction code F indicates shares used to pay taxes. In this filing, Cognition Therapeutics withheld 5,850 common shares from Lisa Ricciardi when her restricted stock units vested to satisfy related tax liabilities.