Corbus Pharmaceuticals (CRBP) CFO sells 4,701 shares under plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Corbus Pharmaceuticals Holdings, Inc. Chief Financial Officer Sean F. Moran reported an open-market sale of 4,701 shares of common stock at a weighted average price of $7.783 per share. After this sale, he directly holds 96,694 shares, including 68,795 unvested restricted stock units.
The transaction was executed under a pre-arranged Rule 10b5-1 trading plan and was used to cover tax withholding obligations arising from the vesting and settlement of RSUs. The sale was mandated by the company’s “sell to cover” election and is described as non-discretionary for the executive.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,701 shares ($36,588)
Net Sell
1 txn
Insider
Moran Sean F.
Role
Chief Financial Officer
Sold
4,701 shs ($37K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.0001 per share | 4,701 | $7.783 | $37K |
Holdings After Transaction:
Common Stock, par value $0.0001 per share — 96,694 shares (Direct)
Footnotes (1)
- This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 14, 2025 and 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 $7.58 to $7.96. 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 68,795 unvested RSUs subject to each grant's vesting schedule as previously reported.
FAQ
What did Corbus Pharmaceuticals (CRBP) disclose in this Form 4 filing?
Corbus Pharmaceuticals reported that Chief Financial Officer Sean F. Moran sold 4,701 shares of common stock. The sale was executed under a Rule 10b5-1 trading plan to satisfy tax withholding obligations tied to vesting restricted stock units, rather than as a discretionary sale.
Was the Corbus Pharmaceuticals (CRBP) CFO’s stock sale part of a 10b5-1 plan?
Yes. The transaction was effected under a Rule 10b5-1 trading plan adopted on March 14, 2025. Such plans pre-schedule trades, and the filing explains that this sale followed the plan and the issuer’s tax withholding election, limiting the executive’s discretion.
What additional details are provided about the Corbus Pharmaceuticals (CRBP) trade prices?
The reported sale price of $7.783 per share is a weighted average. Footnotes explain the 4,701 shares were sold in multiple transactions, with individual trade prices ranging between $7.58 and $7.96, and more detailed breakdowns are available upon request.