Cytek Biosciences (CTKB) CEO awarded options, RSUs and surrenders shares for taxes
Rhea-AI Filing Summary
Cytek Biosciences President and CEO Wenbin Jiang reported several equity compensation transactions. He was granted an employee stock option for 485,545 shares of common stock at an exercise price of $4.23 per share, vesting monthly over four years, and a new award of 915,407 restricted stock units (RSUs) that also vest over four years on specified May, August, November, and March dates.
On the same date, previously granted RSUs vested and were converted into common stock in tranches of 15,708, 29,467, and 38,669 shares. To satisfy tax withholding obligations from these vestings, 3,825, 7,747, and 9,416 shares of common stock were surrendered back to the company at $4.23 per share. After these transactions, Jiang directly owned 5,422,683 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Option (right to buy) | 485,545 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 915,407 | $0.00 | -- |
| Exercise | Restricted Stock Units | 15,708 | $0.00 | -- |
| Exercise | Restricted Stock Units | 29,467 | $0.00 | -- |
| Exercise | Restricted Stock Units | 38,669 | $0.00 | -- |
| Exercise | Common Stock | 15,708 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,825 | $4.23 | $16K |
| Exercise | Common Stock | 29,467 | $0.00 | -- |
| Tax Withholding | Common Stock | 7,747 | $4.23 | $33K |
| Exercise | Common Stock | 38,669 | $0.00 | -- |
| Tax Withholding | Common Stock | 9,416 | $4.23 | $40K |
Footnotes (1)
- Each Restricted Stock Unit (the "RSU Award") represents a contingent right to receive one share of the Issuer's common stock. Represents the number of shares withheld by and surrendered to the Issuer on March 10, 2026, to satisfy tax withholding obligations that arose in connection with the vesting of the RSU Award. The shares subject to the stock option shall vest over 4 years with 1/48 of the total shares underlying the stock option vesting on April 10, 2026 and each month thereafter until fully vested. The shares subject to the RSU Award shall vest over 4 years with 2/48 of the total shares underlying the RSU Award vesting on May 18, 2026 and each May 18 thereafter; 3/48 of the total shares underlying the RSU Award vesting August 18, 2026 and each August 18 thereafter; 3/48 of the total shares underlying the RSU Award vesting November 18, 2026 and each November 18 thereafter; and 4/48 of the total shares underlying the RSU Award vesting on March 10, 2027 and each March 10 thereafter, until fully vested. The shares subject to the RSU Award shall vest over 4 years with 2/48 of the total shares underlying the RSU Award vesting on May 18, 2023 and each May 18 thereafter; 3/48 of the total shares underlying the RSU Award vesting on August 18, 2023 and each August 18 thereafter; 3/48 of the total shares underlying the RSU Award vesting on November 18, 2023 and each November 18 thereafter; and 4/48 of the total shares underlying the RSU Award vesting on March 10, 2024 and each March 10 thereafter, until fully vested. The shares subject to the RSU Award shall vest over 4 years with 2/48 of the total shares underlying the RSU Award vesting on May 18, 2024 and each May 18 thereafter; 3/48 of the total shares underlying the RSU Award vesting on August 18, 2024 and each August 18 thereafter; 3/48 of the total shares underlying the RSU Award vesting on November 18, 2024 and each November 18 thereafter; and 4/48 of the total shares underlying the RSU Award vesting on March 10, 2025 and each March 10 thereafter. The shares subject to the RSU Award shall vest over 4 years with 2/48 of the total shares underlying the RSU Award vesting on May 18, 2025 and each May 18 thereafter; 3/48 of the total shares underlying the RSU Award vesting on August 18, 2025 and each August 18 thereafter; 3/48 of the total shares underlying the RSU Award vesting on November 18, 2025 and each November 18 thereafter; and 4/48 of the total shares underlying the RSU Award vesting on March 10, 2026 and each March 10 thereafter, until fully vested.