Corbus (NASDAQ: CRBP) COO logs mandated 2,415-share sale to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Corbus Pharmaceuticals Holdings, Inc. Chief Operating Officer Ian Hodgson reported a mandated sale of common stock. On February 3, 2026, he sold 2,415 shares of Corbus common stock at a weighted average price of $8.0899 per share to cover tax withholding from vesting restricted stock units (RSUs).
The company required this "sell to cover" transaction for tax obligations, so it was not a discretionary trade by Hodgson. After the sale, he beneficially owned 51,927 shares, which includes 48,108 unvested RSUs that remain subject to their respective vesting schedules.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,415 shares ($19,537)
Net Sell
1 txn
Insider
Hodgson Ian
Role
Chief Operating Officer
Sold
2,415 shs ($20K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.0001 per share | 2,415 | $8.0899 | $20K |
Holdings After Transaction:
Common Stock, par value $0.0001 per share — 51,927 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 48,108 unvested RSUs subject to each grant's vesting schedule as previously reported.
FAQ
What insider transaction did CRBP’s COO Ian Hodgson report?
Ian Hodgson reported selling 2,415 shares of Corbus common stock. The transaction occurred on February 3, 2026, and was tied to tax withholding from vesting restricted stock units, rather than a discretionary open-market sale decision by the executive.
Does this CRBP Form 4 indicate discretionary insider selling by management?
No, the filing states the sale was mandated to satisfy tax withholding on vesting RSUs via a "sell to cover" election. It explicitly notes the transaction does not represent a discretionary stock sale decision by the reporting person, Chief Operating Officer Ian Hodgson.
What additional price information is available for the CRBP insider sale?
The filing notes the $8.0899 figure is a weighted average across multiple trades between $8.01 and $8.15. The reporting person commits to provide full details on the number of shares sold at each specific price within that range upon request.