Crinetics (NASDAQ: CRNX) CFO sells 6,713 shares to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Crinetics Pharmaceuticals Chief Financial Officer Tobin Schilke reported an automatic sale of common stock tied to tax withholding. On the transaction date, 6,713 shares of common stock were sold in open-market transactions to cover his tax withholding obligation upon the vesting of restricted stock units granted on March 10, 2025.
The shares were sold pursuant to a pre-arranged Rule 10b5-1 trading plan, with a volume-weighted average price of $39.67 per share and a sale price range of $39.67 to $39.74 per share. After this tax-related sale, he directly held 78,121 shares of Crinetics common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 6,713 shares ($266,305)
Net Sell
1 txn
Insider
Schilke Tobin
Role
Chief Financial Officer
Sold
6,713 shs ($266K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 6,713 | $39.67 | $266K |
Holdings After Transaction:
Common Stock — 78,121 shares (Direct)
Footnotes (1)
- Represents the number of shares of common stock sold by the Issuer to cover the Reporting Person's tax withholding obligation upon the vesting of Restricted Stock Units granted on March 10, 2025. The disposition reported in this Form 4 was effected by a broker pursuant to instructions set forth in a Rule 10b5-1 trading plan adopted by the Reporting Person. The common stock was sold in open market transactions on the transaction date, with a volume weighted average sales price of $39.67 per share. The range of sales prices on the transaction date was $39.67 to $39.74 per share. Detailed information on the exact number of shares can be obtained from the issuer upon request.
FAQ
What insider transaction did Crinetics (CRNX) disclose for its CFO?
Crinetics reported its Chief Financial Officer, Tobin Schilke, sold 6,713 shares of common stock. The sale was executed to cover tax withholding obligations from vesting restricted stock units under a Rule 10b5-1 trading plan, rather than a discretionary open-market sale.
Was the Crinetics (CRNX) CFO sale part of a Rule 10b5-1 trading plan?
Yes. The Form 4 notes the disposition was effected by a broker under instructions in a Rule 10b5-1 trading plan adopted by the CFO. Such plans pre-schedule trades, helping separate routine transactions from discretionary timing decisions by insiders.
What triggered the tax withholding sale reported by Crinetics (CRNX)?
The sale was triggered by the vesting of restricted stock units granted to the CFO on March 10, 2025. When these RSUs vested, shares were sold to satisfy his associated tax withholding obligation, as described in the Form 4 footnote.