Precision BioSciences (DTIL) CEO logs RSU vesting and tax-driven share sale
Rhea-AI Filing Summary
Precision BioSciences President and CEO Michael Amoroso reported a mix of RSU vesting and a tax-related share sale. On February 17, 2026, 67,797 Restricted Stock Units vested, with each RSU converting into one share of common stock. On February 18, 2026, he sold 20,559 common shares at $3.84 per share in an open-market transaction executed under a pre-arranged Rule 10b5-1 plan, solely to cover tax withholding and related fees from the RSU vesting. Following these transactions, he directly held 243,392 shares of common stock and 135,593 RSUs, which continue to vest in three substantially equal annual installments beginning February 17, 2026, contingent on continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
3 txns
Insider
Amoroso Michael
Role
President and CEO
Sold
20,559 shs ($79K)
Approx. gross sale proceeds
$79K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 20,559 | $3.84 | $79K |
| Exercise | Restricted Stock Units | 67,797 | $0.00 | $0.00 |
| Exercise | Common Stock | 67,797 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 135,593 shares (Direct);
Common Stock — 243,392 shares (Direct)
Footnotes (4)
- F1. Represents the vesting of Restricted Stock Units ("RSUs") on February 17, 2026.
- F2. Each RSU represents a contingent right to receive one share of the Issuer's Common Stock.
- F3. The sales were effected pursuant to a Rule 10b5-1 plan adopted on August 2, 2024. The transaction was a sell-to-cover, with shares only sold to cover tax withholding obligations in connection with the vesting and settlement of RSUs. The Reporting Person did not sell or otherwise dispose of shares reported on this Form 4 for any reason other than to cover required taxes and fees.
- F4. RSUs vests in three substantially equal annual installments beginning on February 17, 2026, subject to the Reporting Person's continued service to the Issuer through the applicable vesting dates.
FAQ
What insider transactions did DTIL CEO Michael Amoroso report?
Michael Amoroso reported RSU vesting and a related tax sale. 67,797 Restricted Stock Units vested and converted into common shares, and 20,559 shares were sold at $3.84 solely to cover tax withholding and fees tied to that vesting.
How many Restricted Stock Units vested for the DTIL CEO?
A total of 67,797 Restricted Stock Units vested for Michael Amoroso on February 17, 2026. Each RSU represents a contingent right to receive one share of Precision BioSciences common stock, resulting in an equivalent number of shares becoming deliverable upon vesting and settlement.
What are Michael Amoroso’s DTIL holdings after these transactions?
After the reported transactions, Michael Amoroso directly held 243,392 shares of Precision BioSciences common stock and 135,593 Restricted Stock Units. The remaining RSUs are scheduled to vest in three substantially equal annual installments starting February 17, 2026, subject to continued service.
How do the DTIL CEO’s RSUs vest over time?
The Restricted Stock Units vest in three substantially equal annual installments beginning on February 17, 2026. Continued service to Precision BioSciences is required through each applicable vesting date for the remaining RSUs to vest and ultimately deliver common shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.