Cryoport (CYRX) CSO executes 1,341-share tax-related sale after RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cryoport, Inc. Chief Scientific Officer Mark W. Sawicki reported an automatic sale of 1,341 shares of common stock at $8.18 per share. According to the disclosure, the shares were required to be sold under company policies to pay taxes due upon the vesting of restricted stock rights. Following this transaction, Sawicki directly holds 102,356 shares of Cryoport common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,341 shares ($10,969)
Net Sell
1 txn
Insider
Sawicki Mark W
Role
Chief Scientific Officer
Sold
1,341 shs ($11K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,341 | $8.18 | $11K |
Holdings After Transaction:
Common Stock — 102,356 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Cryoport (CYRX) report for Mark W. Sawicki?
Cryoport reported that Chief Scientific Officer Mark W. Sawicki sold 1,341 shares of common stock at $8.18 per share. The sale was required under company policies to cover taxes triggered by the vesting of restricted stock rights, making it a tax-related, non-discretionary transaction.
Was the Cryoport (CYRX) insider sale a routine tax transaction?
Yes. The filing states the shares were “required to be sold” under the issuer’s policies to pay taxes on vesting restricted stock rights. This language indicates a routine, policy-driven tax transaction rather than a discretionary sale based on the executive’s view of Cryoport’s share price.
What type of security was involved in the Cryoport (CYRX) insider sale?
The transaction involved Cryoport common stock, with 1,341 shares sold at $8.18 per share. The sale was linked to taxes owed from the vesting of restricted stock rights, which are equity-based compensation awards that convert into common shares upon vesting.