Definium Therapeutics (DFTX) CCO sells 2,867 shares in tax-related Rule 10b5-1 trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Definium Therapeutics, Inc. Chief Commercial Officer Wiley Matthew T. reported the sale of 2,867 Common Shares on June 25, 2026 at an average price of $45.03 per share. According to the footnote, these shares were sold to satisfy withholding tax obligations tied to the settlement of vested restricted stock units under a sell-to-cover election.
The transaction was carried out pursuant to a pre-adopted Rule 10b5-1 trading plan dated May 29, 2025, indicating it was pre-planned rather than a discretionary trade. Following this tax-related sale, Wiley beneficially owns 174,633 Common Shares directly, so the number of shares sold represents a small portion of his overall holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 2,867 shares ($129,101)
Net Sell
1 txn
Insider
Wiley Matthew T.
Role
Chief Commercial Officer
Sold
2,867 shs ($129K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Shares | 2,867 | $45.03 | $129K |
Holdings After Transaction:
Common Shares — 174,633 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 2,867 shares
Sale price: $45.03 per share
Shares owned after transaction: 174,633 shares
+1 more
4 metrics
Shares sold
2,867 shares
Common Shares sold on June 25, 2026
Sale price
$45.03 per share
Average price for 2,867 Common Shares
Shares owned after transaction
174,633 shares
Direct Common Share holdings post-transaction
Rule 10b5-1 plan adoption date
May 29, 2025
Plan governing sell-to-cover tax sale
Key Terms
withholding tax obligations, restricted stock units, sell-to-cover elections, Rule 10b5-1 plan
4 terms
withholding tax obligations financial
"sold to satisfy withholding tax obligations in connection with the settlement"
restricted stock units financial
"in connection with the settlement of vested restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
sell-to-cover elections financial
"pursuant to sell-to-cover elections under a Rule 10b5-1 plan"
Rule 10b5-1 plan regulatory
"under a Rule 10b5-1 plan adopted on May 29, 2025"
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
FAQ
What insider transaction did DFTX report for Chief Commercial Officer Wiley Matthew T.?
Definium Therapeutics’ Chief Commercial Officer Wiley Matthew T. reported selling 2,867 Common Shares. The sale occurred at an average price of $45.03 per share to cover withholding taxes from vested restricted stock units under a sell-to-cover arrangement.