Cognition Therapeutics (NASDAQ: CGTX) CFO has 8,567 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cognition Therapeutics Inc. Chief Financial Officer John Brendan Doyle reported a routine tax-related share disposition. On the vesting of restricted stock units, the company withheld 8,567 shares of common stock at $1.28 per share to cover tax withholding obligations. After this non-market transaction, Doyle directly holds 618,942 shares of Cognition Therapeutics common stock, indicating he retains a substantial equity stake following the RSU vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Doyle John Brendan
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 8,567 | $1.28 | $11K |
Holdings After Transaction:
Common Stock — 618,942 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 8,567 shares
Per-share valuation for withholding: $1.28 per share
Shares held after transaction: 618,942 shares
3 metrics
Shares withheld for taxes
8,567 shares
Tax withholding on RSU vesting, Form 4 code F
Per-share valuation for withholding
$1.28 per share
Value applied to withheld Cognition Therapeutics common stock
Shares held after transaction
618,942 shares
CFO direct holdings following tax-withholding disposition
Key Terms
restricted stock units, tax withholding obligations, Form 4, Chief Financial Officer
4 terms
restricted stock units financial
"in connection with the vesting of restricted stock units."
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
"withheld by the Issuer to cover tax withholding obligations in connection"
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Chief Financial Officer financial
"officer_title": "Chief Financial Officer""
A Chief Financial Officer (CFO) is the person in charge of a company's money and financial planning. They decide how to spend, save, and invest funds to help the company grow and stay stable. Their role is important because good financial decisions keep the company healthy and successful.
FAQ
What insider transaction did Cognition Therapeutics (CGTX) report for its CFO?
Cognition Therapeutics reported that CFO John Brendan Doyle had 8,567 shares of common stock withheld to satisfy tax obligations tied to restricted stock units vesting. This is a non-market, tax-withholding disposition rather than an open-market purchase or sale of shares.
Was the Cognition Therapeutics (CGTX) CFO’s Form 4 transaction an open-market sale?
The transaction was not an open-market sale. It was a Form 4 code F event, where 8,567 shares were withheld by Cognition Therapeutics to cover the CFO’s tax liability on vesting restricted stock units, a routine administrative step rather than a discretionary market trade.