CRISPR Therapeutics (CRSP) CEO sells shares to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CRISPR Therapeutics AG Chief Executive Officer Samarth Kulkarni reported RSU vesting and a related share sale. On February 18, 2026, he acquired 13,250 Common Shares at $0.00 per share through the exercise/settlement of restricted stock units.
On February 19, 2026, he sold 6,967 Common Shares at an average price of $52.58 per share. A footnote explains that this sale was required to cover tax withholding obligations under the company’s RSU Settlement Policy and was not a discretionary trade. After these transactions, he directly held 226,106 Common Shares.
The restricted stock units were originally granted on February 18, 2022 for 53,000 Common Shares, vesting in four equal annual installments through February 18, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 6,967 shares ($366,325)
Net Sell
3 txns
Insider
Kulkarni Samarth
Role
Chief Executive Officer
Sold
6,967 shs ($366K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Shares | 6,967 | $52.58 | $366K |
| Exercise | Restricted Stock Units | 13,250 | $0.00 | -- |
| Exercise | Common Shares | 13,250 | $0.00 | -- |
Holdings After Transaction:
Common Shares — 226,106 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. Reflects 85,622 shares previously transferred from the Kulkarni 2023 GRAT to the Reporting Person. 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 53,000 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 insider transactions did CRISPR Therapeutics (CRSP) report for its CEO?
CRISPR Therapeutics CEO Samarth Kulkarni reported RSU vesting and a related share sale. He exercised restricted stock units into 13,250 Common Shares, then sold 6,967 shares to satisfy tax withholding obligations under the company’s RSU Settlement Policy.
What are the vesting terms of the CEO’s 2022 RSU grant at CRSP?
The 2022 restricted stock unit award for the CEO covers 53,000 CRISPR Therapeutics Common Shares. One quarter vests on each of February 18, 2023, 2024, 2025, and 2026, resulting in staged delivery of shares over four years, subject to continued service.