CRISPR Therapeutics (NASDAQ: CRSP) GC sells shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CRISPR Therapeutics AG General Counsel and Secretary James R. Kasinger reported RSU vesting and a related share sale. On March 14, 2026, 6,875 restricted stock units converted into 6,875 common shares at $0.00 per share, as part of a 27,500-share RSU grant vesting annually from 2026 to 2029.
On March 16, 2026, he sold 3,450 common shares at $48.26 per share to cover tax withholding obligations under the company’s RSU Settlement Policy, which the footnote states was not a discretionary trade. After these transactions, he directly holds 91,240 common shares and 20,625 restricted stock units, with remaining shares subject to a lock-up agreement tied to the company’s convertible senior notes due 2031.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,450 shares ($166,497)
Net Sell
3 txns
Insider
KASINGER JAMES R.
Role
General Counsel and Secretary
Sold
3,450 shs ($166K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Shares | 3,450 | $48.26 | $166K |
| Exercise | Restricted Stock Units | 6,875 | $0.00 | -- |
| Exercise | Common Shares | 6,875 | $0.00 | -- |
Holdings After Transaction:
Common Shares — 91,240 shares (Direct);
Restricted Stock Units — 20,625 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 14, 2025 with respect to 27,500 Common Shares, with (i) one quarter of the shares vesting on March 14, 2026, (ii) one quarter of the shares vesting on March 14, 2027, (iii) one quarter of the shares vesting on March 14, 2028, and (iv) one quarter of the shares vesting on March 14, 2029.
FAQ
What insider transactions did CRSP executive James R. Kasinger report on this Form 4?
James R. Kasinger reported RSU vesting and a related sale. 6,875 restricted stock units converted into common shares on March 14, 2026, followed by a March 16, 2026 sale of 3,450 common shares at $48.26 per share to satisfy tax obligations.
What is the vesting schedule for James R. Kasinger’s CRSP restricted stock unit award?
The RSU award was granted March 14, 2025 for 27,500 common shares. One quarter vests on March 14, 2026, another quarter on March 14, 2027, another on March 14, 2028, and the final quarter on March 14, 2029, creating four equal annual vesting events.