DTIL (DTIL) counsel logs RSU vesting and tax sell-to-cover share sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PRECISION BIOSCIENCES INC General Counsel and Secretary Dario Scimeca reported RSU vesting and a related tax sale of common stock. On February 17, 2026, 16,667 Restricted Stock Units vested and converted into 16,667 shares of common stock, increasing his direct holdings. Each RSU represents a right to receive one common share.
On February 18, 2026, he sold 4,925 common shares in an open-market transaction at $3.84 per share under a pre-established Rule 10b5-1 trading plan. The sale was a "sell-to-cover" transaction, with shares sold only to cover tax withholding obligations and related fees from the RSU vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,925 shares ($18,912)
Net Sell
3 txns
Insider
Scimeca Dario
Role
General Counsel and Secretary
Sold
4,925 shs ($19K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 4,925 | $3.84 | $19K |
| Exercise | Restricted Stock Units | 16,667 | $0.00 | -- |
| Exercise | Common Stock | 16,667 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 56,457 shares (Direct);
Restricted Stock Units — 33,333 shares (Direct)
Footnotes (1)
- Represents the vesting of Restricted Stock Units ("RSUs") on February 17, 2026. Each RSU represents a contingent right to receive one share of the Issuer's Common Stock. The sales were effected pursuant to a Rule 10b5-1 plan adopted on September 29, 2025. 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. 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 executive Dario Scimeca report on this Form 4?
Dario Scimeca reported RSU vesting and a related tax sale. On February 17, 2026, 16,667 Restricted Stock Units vested and converted into common shares, followed by a February 18, 2026 sale of 4,925 shares solely to cover tax withholding obligations.
What does the RSU vesting reported by DTIL’s General Counsel represent?
The filing states that 16,667 Restricted Stock Units vested on February 17, 2026. Each RSU represents a contingent right to receive one share of Precision BioSciences common stock, so the vesting resulted in the issuance of 16,667 common shares to the reporting person.
How many DTIL Restricted Stock Units does Dario Scimeca hold after this transaction?
After the February 17, 2026 vesting event, the Form 4 reports that Dario Scimeca held 33,333 Restricted Stock Units. These RSUs vest in three substantially equal annual installments beginning on February 17, 2026, subject to his continued service with the company.