Castle Biosciences (NASDAQ: CSTL) CEO gains 62,219 shares from PSU vesting
Rhea-AI Filing Summary
Castle Biosciences reported that President and CEO Derek J. Maetzold received equity awards tied to performance. On January 12, 2026, 62,219 performance-based stock units (PSUs) granted on March 4, 2024 vested after the board certified that specific performance criteria were met. Each PSU converts into one share of common stock, so Maetzold acquired 62,219 shares of common stock at $0 per share, bringing his directly held common stock to 91,732 shares.
The filing also lists additional common stock held indirectly through various family and grantor retained annuity trusts for estate and family planning purposes. A remaining block of 62,219 PSUs from the 2024 grant is still outstanding and will vest only if stated milestones are achieved.
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FAQ
What insider transaction did CSTL report for Derek Maetzold?
Castle Biosciences reported that President and CEO Derek J. Maetzold had 62,219 performance-based stock units vest on January 12, 2026, resulting in the acquisition of 62,219 shares of common stock at $0 per share.
What are the 2024 performance-based stock units mentioned for CSTL?
The filing describes 2024 PSUs granted on March 4, 2024. Half of these PSUs, totaling 62,219 units, vested after performance criteria were certified as satisfied, and each unit delivered one share of common stock.
How many CSTL common shares does Derek Maetzold hold directly after this transaction?
Following the vesting and share issuance, Derek Maetzold directly beneficially owns 91,732 shares of Castle Biosciences common stock.
How many performance-based stock units remain unvested for the CSTL CEO?
The filing states that the reported PSUs represent 50% of the 2024 PSUs. The remaining 50%, equal to 62,219 PSUs, will vest only upon achievement of specified milestones.
Are there CSTL shares held indirectly through trusts related to Derek Maetzold?
Yes. The report lists indirect ownership of CSTL common stock through several trusts, including The Maetzold Descendants 2020 Trust, the Derek Maetzold 2020 Irrevocable Trust, multiple 2018 remainder trusts for family members, and DJM Grantor Retained Annuity Trusts No. 5, 6, and 7.
Does this CSTL Form 4 reflect any insider stock sales?
No sales are reported. The transactions described are acquisitions at $0 per share resulting from the vesting of performance-based stock units and updated beneficial ownership positions.