Precision Bio (DTIL) CRO sells 10,200 shares to cover RSU taxes
Rhea-AI Filing Summary
Precision BioSciences Chief Research Officer J. Jefferson Smith reported RSU vesting and a related tax sale. On January 20, 2026, RSUs covering 2,500, 10,447, and 16,219 shares vested, each RSU representing one share of common stock. On January 21, 2026, Smith sold 10,200 shares of common stock at $4.03 per share under a pre-arranged Rule 10b5‑1 plan as a sell‑to‑cover transaction for tax withholding tied to the RSU vesting.
Following these transactions, Smith directly owned 110,184 shares of Precision BioSciences common stock and held an additional 7,931 shares indirectly through a charitable remainder unitrust. RSU holdings after the transactions included 10,447 and 16,219 units that remain subject to their vesting schedules.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Common Stock | 16,219 | $0.00 | $0.00 |
| Sale | Common Stock | 10,200 | $4.03 | $41K |
| Exercise | Restricted Stock Units | 2,500 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 10,447 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 16,219 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,500 | $0.00 | $0.00 |
| Exercise | Common Stock | 10,447 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Footnotes (7)
- F1. Represents the vesting of Restricted Stock Units ("RSUs") on January 20, 2026.
- F2. Each RSU represents a contingent right to receive one share of the Issuer's Common Stock.
- F3. Includes 3,413 shares acquired under the Issuer's 2019 Employee Stock Purchase Plan at a weighted average price per share of $5.74
- F4. The sales were effected pursuant to a Rule 10b5-1 plan adopted on April 25, 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.
- F5. On January 20, 2023 the Reporting Person was granted RSUs, which vested in three substantially equal annual installments beginning on January 20, 2024, subject to the Reporting Person's continued service to the Issuer through the applicable vesting dates.
- F6. On April 18, 2024 the Reporting Person was granted RSUs, which vest in three substantially equal annual installments beginning on January 20, 2025, subject to the Reporting Person's continued service to the Issuer through the applicable vesting dates.
- F7. On August 22, 2024 the Reporting Person was granted RSUs, which vest in three substantially equal annual installments beginning on January 20, 2025, subject to the Reporting Person's continued service to the Issuer through the applicable vesting dates.
FAQ
What insider activity did DTILs Chief Research Officer report on this Form 4?
What RSU grants for DTIL stock are described in the filing?
How many Precision BioSciences RSUs remain outstanding for the CRO after the Form 4 events?
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