Corbus Pharmaceuticals (CRBP) CMO sells 3,285 shares for RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Corbus Pharmaceuticals’ Chief Medical Officer Dominic Smethurst sold 3,285 shares of common stock on February 3, 2026 at a weighted average price of $8.0898 per share. The shares were sold to cover tax withholding triggered by the vesting and settlement of restricted stock units under an issuer-mandated “sell to cover” arrangement, so the sale was not discretionary. After this transaction, he beneficially owns 95,887 shares, including 86,265 unvested RSUs that remain subject to their vesting schedules.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,285 shares ($26,575)
Net Sell
1 txn
Insider
Smethurst Dominic
Role
Chief Medical Officer
Sold
3,285 shs ($27K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.0001 per share | 3,285 | $8.0898 | $27K |
Holdings After Transaction:
Common Stock, par value $0.0001 per share — 95,887 shares (Direct)
Footnotes (1)
- The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units ("RSUs"). The sale is mandated by the Issuer's election to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.01 to $8.15. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. This amount includes 86,265 unvested RSUs subject to each grant's vesting schedule as previously reported.
FAQ
What insider transaction did Corbus Pharmaceuticals (CRBP) disclose in this Form 4?
The filing shows Chief Medical Officer Dominic Smethurst sold 3,285 Corbus Pharmaceuticals shares on February 3, 2026. The sale was to cover tax withholding owed from vesting restricted stock units, under an issuer-mandated “sell to cover” arrangement rather than a discretionary open-market sale.
Were the Corbus Pharmaceuticals (CRBP) insider sales discretionary trades?
No, the filing states the sale was mandated by the issuer’s election to use “sell to cover” for tax withholding. Shares were automatically sold to satisfy tax liabilities from RSU vesting, so the transaction does not represent a discretionary trading decision by the reporting person.
What does the Form 4 for Corbus Pharmaceuticals (CRBP) tell investors about RSUs?
The Form 4 explains that RSU vesting triggered tax obligations settled via share sales and notes the reporting person still holds 86,265 unvested RSUs. These units remain subject to each grant’s vesting schedule, indicating a continuing equity-based compensation stake tied to future service.