Cogent Biosciences (COGT) CEO Robbins gifts 320,000 shares in estate move
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cogent Biosciences President and CEO Andrew Robbins reported two bona fide gifts of common stock. On May 19, 2026, he transferred 160,000 shares to a family trust for estate planning purposes and made a separate 160,000-share gift from his direct holdings.
After these transfers, Robbins’ direct ownership stands at 497,503 common shares, and the family trust holds 160,000 shares as an indirect position. These transactions were recorded at a price of $0.00 per share, reflecting that they were gifts rather than market sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
320,000 shares gifted
Mixed
2 txns
Insider
Robbins Andrew R
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 160,000 | $0.00 | -- |
| Gift | Common Stock | 160,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 497,503 shares (Direct, null);
Common Stock — 160,000 shares (Indirect, By trust)
Footnotes (1)
- [object Object]
Key Figures
Gift to family trust: 160,000 shares
Additional gifted shares: 160,000 shares
Total gifted shares: 320,000 shares
+2 more
5 metrics
Gift to family trust
160,000 shares
Common Stock gifted to family trust on May 19, 2026
Additional gifted shares
160,000 shares
Common Stock gifted from direct holdings on May 19, 2026
Total gifted shares
320,000 shares
Sum of bona fide gifts reported in this Form 4
Direct holdings after gifts
497,503 shares
Directly held Cogent Biosciences common stock after transactions
Gift transaction price
$0.00 per share
Reported price for both bona fide gift transfers
Key Terms
bona fide gift, family trust, indirect ownership, Form 4
4 terms
bona fide gift financial
"transaction_code_description: "Bona fide gift" for both common stock transactions"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
family trust financial
"transferred 160,000 shares of common stock to a family trust for estate planning purposes"
indirect ownership financial
"direct_or_indirect: "I" with nature_of_ownership: "By trust" indicating indirect ownership"
Form 4 regulatory
"INSIDER FILING DATA (Form 4) describing Robbins’ reported transactions"
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.
FAQ
What insider transaction did Cogent Biosciences (COGT) report for Andrew Robbins?
Cogent Biosciences reported that President and CEO Andrew Robbins made two bona fide gifts of common stock totaling 320,000 shares. One 160,000-share block went to a family trust, and another 160,000 shares were gifted from his direct holdings on May 19, 2026.
What are Andrew Robbins’ Cogent Biosciences (COGT) holdings after the reported gifts?
Following the reported gifts, Andrew Robbins directly holds 497,503 Cogent Biosciences common shares. A separate 160,000-share position is held indirectly by a family trust, reflecting the estate planning transfer disclosed for May 19, 2026.
Were Andrew Robbins’ Cogent Biosciences (COGT) transactions market sales or gifts?
The transactions were bona fide gifts of Cogent Biosciences common stock, not market sales. Both 160,000-share transfers were reported at a price of $0.00 per share, consistent with non-cash gifts rather than open-market dispositions or purchases.
Does the Cogent Biosciences (COGT) Form 4 show any stock purchases or sales by Andrew Robbins?
The Form 4 does not show any stock purchases or sales by Andrew Robbins. It reports two bona fide gift transactions coded “G” totaling 320,000 shares, with zero buy or sell entries and no option exercises or tax-withholding transactions disclosed.