CRISPR Therapeutics (CRSP) CEO RSU Vesting Triggers 13,081-Share Tax Sale
Rhea-AI Filing Summary
Samarth Kulkarni, Chief Executive Officer and director of CRISPR Therapeutics AG (CRSP), had 25,000 restricted stock units vest on 08/16/2025, each converting to one common share. To satisfy tax withholding required by the company's RSU Settlement Policy, the reporting person sold 13,081 shares on 08/18/2025 at a price of $58.15 per share. After these transactions the reporting person directly beneficially owns 207,004 common shares and indirectly owns 85,622 common shares through the Kulkarni 2023 GRAT. The sale was described as mandated to cover tax withholding and not a discretionary trade.
Positive
- 25,000 RSUs vested, indicating executive compensation alignment tied to multi-year performance or tenure
- Significant continued ownership: 207,004 shares directly and 85,622 shares indirectly via the Kulkarni 2023 GRAT
Negative
- 13,081 shares sold on 08/18/2025 at $58.15 to satisfy tax withholding, reducing direct share count
- Sale reduces immediately liquid holdings though it was mandated for taxes rather than discretionary selling
Insights
TL;DR Routine RSU vesting and a mandated tax-withholding sale by the CEO, preserving long-term ownership while satisfying tax obligations.
The filing documents a standard executive equity settlement: 25,000 RSUs vested and converted to common shares, followed by a company-policy-mandated sale of 13,081 shares to cover tax withholding. Reporting shows continued meaningful ownership both directly (207,004 shares) and indirectly via a GRAT (85,622 shares). This is a routine compensation-related disclosure and does not indicate voluntary disposal of shares for liquidity or signaling of a change in governance stance.
TL;DR Vesting-triggered tax withholding was executed by share sale; transaction aligns with standard RSU settlement practices and tax requirements.
The disclosure clarifies that the sale of 13,081 shares at $58.15 per share was specifically to meet the tax withholding obligation tied to RSU vesting, per the company's RSU Settlement Policy. The RSU award granted on August 16, 2022 fully vested on August 16, 2025. The treatment is consistent with common practices to net shares for taxes and does not reflect an independent decision to liquidate holdings.