CRISPR Therapeutics CEO sells 47,837 shares for taxes
The reported share sale was required to fund tax withholding under the company's RSU Settlement Policy, rather than a discretionary trade.
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Rhea-AI Filing Summary
CRISPR Therapeutics AG Chief Executive Officer Samarth Kulkarni converted 100,000 restricted stock units into 100,000 Common Shares on October 16, 2026, with 200,000 restricted stock units reported afterward. On October 19, he sold 47,837 Common Shares at $49.78 per share; the sale was required under the company's RSU Settlement Policy to fund tax withholding from vesting and was not discretionary.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Shares F2 | 47,837 | $49.78 | $2.38M |
| Exercise | Restricted Stock Units F1, F3 | 100,000 | -- | -- |
| Exercise | Common Shares F1 | 100,000 | -- | -- |
Footnotes (3)
- F1. Each restricted stock unit represents a contingent right to receive one share of CRSP Common Shares.
- F2. 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.
- F3. This restricted stock unit award was granted on October 16, 2024 with respect to 400,000 Common Shares, with (i) one quarter of the shares vesting on October 16, 2025, (ii) one quarter of the shares vesting on October 16, 2026, (iii) one quarter of the shares vesting on October 16, 2027, and (iv) one quarter of the shares vesting on October 16, 2028.
Key Figures
Key Terms
Restricted Stock Units financial
RSU Settlement Policy financial
tax withholding obligation financial
FAQ
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How many CRSP restricted stock units were reported after Samarth Kulkarni's October 16 transaction?
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