Precision Bio CEO sells shares for tax withholding
Precision BioSciences President and CEO Michael Amoroso reported a mix of RSU vesting and a tax-related share sale.
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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.
Insider Trade Summary
| 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 |
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
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