Cytokinetics CEO sells shares for tax withholding
Cytokinetics Inc. President & CEO Robert I. Blum reported an open-market sale of 36,601 shares of common stock at $62.15 per share.
Rhea-AI Filing Summary
Cytokinetics Inc. President & CEO Robert I. Blum reported an open-market sale of 36,601 shares of common stock at $62.15 per share. According to the footnotes, these were company-compelled sell-to-cover transactions to satisfy tax withholding obligations from RSU vesting, rather than discretionary sales.
After these transactions, Blum holds 430,330 shares of common stock directly. In addition, 2,083 shares are held by The Bridget Blum 2003 Irrevocable Trust and 2,083 shares are held by The Brittany Blum 2003 Irrevocable Trust as indirect holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 12,673 | $62.15 | $788K |
| Sale | Common Stock | 23,928 | $62.15 | $1.49M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (4)
- F1. Company compelled sell-to-cover transaction to satisfy tax withholding obligations attributable to RSU vesting.
- F2. Company compelled sell-to-cover transaction to satisfy tax withholding obligations attributable to RSU vesting.
- F3. Shares held by The Bridget Blum 2003 Irrevocable Trust.
- F4. Shares held by The Brittany Blum 2003 Irrevocable Trust.
FAQ
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What insider transaction did Cytokinetics (CYTK) report for Robert Blum?
Do the CYTK trust holdings belong directly to Robert Blum?
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