Cytokinetics CFO sells shares for tax withholding
Cytokinetics EVP and CFO Sung Lee reported an open-market sale of 4,935 shares of Common Stock at $62.15 per share.
Sentiment and the balance of points
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Rhea-AI Filing Summary
Cytokinetics EVP and CFO Sung Lee reported an open-market sale of 4,935 shares of Common Stock at $62.15 per share. According to the footnote, this was a company-compelled sell-to-cover transaction to satisfy tax withholding obligations from RSU vesting, rather than a discretionary sale. After the transaction, Lee directly holds 87,127 shares, indicating he retains a substantial equity position.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 4,935 | $62.15 | $307K |
Footnotes (1)
- F1. Company compelled sell-to-cover transaction to satisfy tax withholding obligations attributable to RSU vesting.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Cytokinetics (CYTK) CFO Sung Lee report in this Form 4?
Was the Cytokinetics (CYTK) CFO’s sale an open-market transaction?
Does the Cytokinetics (CYTK) CFO’s Form 4 indicate a change in ownership strategy?
AI-generated analysis. How Rhea-AI works. Not financial advice.