CRISPR Therapeutics (CRSP) legal chief reports RSU share vesting and tax sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CRISPR Therapeutics AG General Counsel and Secretary James R. Kasinger reported a mix of equity transactions involving company stock. On February 18, 2026, he acquired 3,825 Common Shares through the exercise and settlement of restricted stock units at a price of $0.00 per share, increasing his direct holdings to 87,227 Common Shares. On February 19, 2026, 2,112 Common Shares were sold at an average price of $52.58 per share to cover tax withholding obligations related to the RSU vesting, as required by the company’s RSU Settlement Policy and not as a discretionary trade. After these transactions, he directly owned 85,115 Common Shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,112 shares ($111,049)
Net Sell
3 txns
Insider
KASINGER JAMES R.
Role
General Counsel and Secretary
Sold
2,112 shs ($111K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Shares | 2,112 | $52.58 | $111K |
| Exercise | Restricted Stock Units | 3,825 | $0.00 | -- |
| Exercise | Common Shares | 3,825 | $0.00 | -- |
Holdings After Transaction:
Common Shares — 85,115 shares (Direct);
Restricted Stock Units — 0 shares (Direct)
Footnotes (1)
- 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 February 18, 2022 with respect to 15,300 Common Shares, with (i) one quarter of the shares vesting on February 18, 2023, (ii) one quarter of the shares vesting on February 18, 2024, (iii) one quarter of the shares vesting on February 18, 2025, and (iv) one quarter of the shares vesting on February 18, 2026.
FAQ
What did CRISPR Therapeutics (CRSP) executive James Kasinger report in this Form 4?
James R. Kasinger reported both an RSU-related share acquisition and a tax-related share sale. He acquired 3,825 Common Shares from restricted stock units and sold 2,112 Common Shares to satisfy tax withholding obligations mandated by the company’s RSU Settlement Policy.
What restricted stock unit (RSU) award is referenced in James Kasinger’s CRSP Form 4?
The Form 4 references an RSU award granted on February 18, 2022 for 15,300 Common Shares. The award vests in four equal installments on February 18 of 2023, 2024, 2025, and 2026, creating multiple vesting events that can trigger associated tax withholding share sales.
How many restricted stock units did James Kasinger convert into CRISPR Therapeutics (CRSP) shares?
James Kasinger converted 3,825 restricted stock units into 3,825 Common Shares. The transaction is reported at a price of $0.00 per share, reflecting that RSU settlement is not a cash purchase but a conversion from a derivative right into actual Common Shares.