CVRx (NASDAQ: CVRX) CRO gets new stock awards, sells shares for taxes
Rhea-AI Filing Summary
CVRx, Inc. Chief Revenue Officer John Robert Allen reported a mix of stock sales and awards. He sold 3,964 shares of common stock in an open-market transaction at a weighted average price of $7.9025 per share to cover tax withholding obligations from equity awards. He also received a grant of 35,000 restricted stock units and 52,000 stock options, both vesting over several years starting on February 27, 2027, increasing his long-term equity exposure to the company.
Positive
- None.
Negative
- None.
Insights
Routine equity grants paired with a tax-related share sale.
The transactions show John Robert Allen receiving 35,000 restricted stock units and 52,000 stock options, both with multi‑year vesting schedules starting on February 27, 2027. These awards increase his potential future ownership if performance and tenure conditions are met.
He sold 3,964 common shares at a weighted average of $7.9025 per share in a sell‑to‑cover transaction mandated by the award agreement to satisfy tax withholding. This is characterized as a tax-related sale rather than a discretionary reduction in exposure, and overall appears as routine compensation and withholding activity.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,964 | $7.9025 | $31K |
| Grant/Award | Stock Option (right to buy) | 52,000 | $0.00 | -- |
| Grant/Award | Common Stock | 35,000 | $0.00 | -- |
Footnotes (1)
- Restricted stock units that vest as to 25% of the shares on each annual anniversary of the grant date. The sale was mandated by the issuer's award agreement to satisfy tax withholding obligations by a sell-to-cover transaction. Reflects the weighted average price of 3,964 shares of common stock of CVRx, Inc. sold by the reporting person in multiple transactions on March 2, 2026 with sale prices ranging from $7.90 to $7.994 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price. Vests as to 25% of the shares on February 27, 2027 and as to 1/48th of the shares each month thereafter.