Corbus (NASDAQ: CRBP) CMO offloads shares in tax-related RSU sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Corbus Pharmaceuticals Holdings, Inc. Chief Medical Officer Dominic Smethurst reported an open-market sale of 6,097 shares of common stock at a weighted average price of $8.2994 per share. The sale was mandated to cover tax withholding on vesting RSUs and was not a discretionary trade. After this transaction, he directly holds 89,790 shares, including 73,765 unvested RSUs that remain subject to their vesting schedules.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 6,097 shares ($50,601)
Net Sell
1 txn
Insider
Smethurst Dominic
Role
Chief Medical Officer
Sold
6,097 shs ($51K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.0001 per share | 6,097 | $8.2994 | $51K |
Holdings After Transaction:
Common Stock, par value $0.0001 per share — 89,790 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 $8.20 to $8.35. 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 73,765 unvested RSUs subject to each grant's vesting schedule as previously reported.
FAQ
What insider transaction did Corbus Pharmaceuticals (CRBP) report for Dominic Smethurst?
Corbus Pharmaceuticals reported that Chief Medical Officer Dominic Smethurst sold 6,097 shares of common stock. The weighted average sale price was $8.2994 per share, and the transaction was recorded as an open-market sale on March 2, 2026, tied to RSU tax withholding.
Was the CRBP insider sale by Dominic Smethurst a discretionary transaction?
The filing specifies the sale was not discretionary. Corbus Pharmaceuticals elected to satisfy tax withholding obligations from RSU vesting through a mandated “sell to cover” transaction, meaning the shares were automatically sold to pay taxes rather than voluntarily liquidated by the executive.