CRISPR Therapeutics (CRSP) counsel sells 2,800 shares to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CRISPR Therapeutics AG General Counsel and Secretary James R. Kasinger reported an RSU vesting and related share sale. On March 10, 2026, he acquired 5,500 Common Shares at $0.00 per share through the exercise of Restricted Stock Units, reflecting part of a 22,000-share award granted on March 10, 2023.
On March 11, 2026, he sold 2,800 Common Shares at an average price of $52.80 per share. A footnote states these shares were sold to cover tax withholding obligations under the company’s RSU Settlement Policy and were not a discretionary trade. After these transactions, he directly owned 87,815 Common Shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,800 shares ($147,840)
Net Sell
3 txns
Insider
KASINGER JAMES R.
Role
General Counsel and Secretary
Sold
2,800 shs ($148K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Shares | 2,800 | $52.80 | $148K |
| Exercise | Restricted Stock Units | 5,500 | $0.00 | -- |
| Exercise | Common Shares | 5,500 | $0.00 | -- |
Holdings After Transaction:
Common Shares — 87,815 shares (Direct);
Restricted Stock Units — 5,500 shares (Direct)
Footnotes (1)
- These shares remain subject to a lock-up agreement with the underwriters of the Issuer's offering of convertible senior notes due 2031. Each restricted stock unit represents a contingent right to receive one share of CRSP Common Shares. Amount reported represents the number of shares required to be sold by the reporting person to cover the tax withholding obligation in connection with the vesting of these restricted stock units. This sale is mandated by the Company's RSU Settlement Policy to fund the tax withholding obligation and does not represent a discretionary trade by the reporting person. This restricted stock unit award was granted on March 10, 2023 with respect to 22,000 Common Shares, with (i) one quarter of the shares vesting on March 10, 2024, (ii) one quarter of the shares vesting on March 10, 2025, (iii) one quarter of the shares vesting on March 10, 2026, and (iv) one quarter of the shares vesting on March 10, 2027.
FAQ
What insider transactions did CRISPR Therapeutics (CRSP) report for James R. Kasinger?
James R. Kasinger reported an RSU vesting and a related share sale. He acquired 5,500 Common Shares via Restricted Stock Units on March 10, 2026, then sold 2,800 Common Shares on March 11, 2026, primarily to cover tax withholding obligations.
What are the key details of James R. Kasinger’s RSU award at CRISPR Therapeutics (CRSP)?
The RSU award was granted on March 10, 2023 for 22,000 shares. Vesting occurs in four equal annual installments on March 10 of 2024, 2025, 2026, and 2027, with each vested portion representing a contingent right to receive one Common Share per unit.
Are James R. Kasinger’s CRISPR Therapeutics (CRSP) transactions considered routine or discretionary?
The Form 4 indicates the share sale was routine for tax withholding. Footnotes specify the 2,800-share sale was mandated by the company’s RSU Settlement Policy to cover tax obligations, rather than a discretionary trading decision in the open market.