Tax-driven share sale by Cryoport (NASDAQ: CYRX) CFO after vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cryoport, Inc. Chief Financial Officer Robert Stefanovich reported a small, tax-related share sale. On this Form 4, he sold 1,094 shares of common stock at $8.18 per share, with a footnote stating the shares were required to be sold under company policy to pay taxes due upon the vesting of restricted stock rights. After the transaction, he directly holds 279,277 shares, indicating this was a routine withholding event tied to equity compensation rather than a discretionary reduction of his overall stake.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,094 shares ($8,949)
Net Sell
1 txn
Insider
STEFANOVICH ROBERT
Role
Chief Financial Officer
Sold
1,094 shs ($9K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,094 | $8.18 | $9K |
Holdings After Transaction:
Common Stock — 279,277 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did Cryoport (CYRX) disclose for its CFO?
Cryoport disclosed that CFO Robert Stefanovich reported a sale of 1,094 common shares. The shares were sold at $8.18 each to satisfy tax obligations arising from the vesting of restricted stock rights under company policies, rather than a discretionary portfolio move.
Was the Cryoport CFO’s reported sale an open-market disposition of CYRX stock?
While coded as an open-market sale, the filing notes the shares were required to be sold to pay taxes on vesting restricted stock rights. This characterizes the event as a mechanically driven tax settlement under company policy, not a discretionary open-market liquidation.
Does this Cryoport Form 4 indicate any derivative or option exercises by the CFO?
The data shows no derivative transactions or option exercises associated with this Form 4. The event strictly involves common stock sold to cover tax obligations from vesting restricted stock rights, with no remaining derivative positions reported in the derivative summary section.