Precision BioSciences (DTIL) counsel sells 8,854 shares in RSU tax trade
Rhea-AI Filing Summary
Precision BioSciences (DTIL) reported insider equity activity by its General Counsel and Secretary, Dario Scimeca. On January 20, 2026, several tranches of Restricted Stock Units (RSUs) vested, resulting in the issuance of 1,978, 8,425 and 14,908 shares of common stock at an exercise price of $0 per share. These RSUs were granted in 2023 and 2024 and vest in three substantially equal annual installments, subject to continued service.
On January 21, 2026, Scimeca sold 8,854 shares of Precision BioSciences common stock at $4.03 per share in a transaction coded as a sale. According to the disclosure, this was a Rule 10b5-1 sell-to-cover transaction, with shares sold only to satisfy tax withholding and related fees arising from the RSU vesting. After these transactions, Scimeca directly held 44,715 shares of common stock.
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FAQ
What insider transaction did DTIL disclose for Dario Scimeca?
Precision BioSciences (DTIL) disclosed that General Counsel and Secretary Dario Scimeca had RSUs vest on January 20, 2026, and sold 8,854 shares of common stock on January 21, 2026 at $4.03 per share.
Were the DTIL insider share sales by Dario Scimeca part of a 10b5-1 plan?
Yes. The filing states that the sales were effected under a Rule 10b5-1 plan adopted on September 29, 2025, and were executed as a sell-to-cover for tax withholding on vested RSUs.
How many Precision BioSciences shares did Dario Scimeca own after the reported transactions?
Following the reported RSU vesting and the sell-to-cover transaction, Dario Scimeca directly held 44,715 shares of Precision BioSciences common stock.
What RSUs vested for DTIL General Counsel Dario Scimeca on January 20, 2026?
On January 20, 2026, RSU awards covering 1,978, 8,425, and 14,908 underlying shares vested, each RSU representing the right to receive one share of Precision BioSciences common stock.
What are the vesting terms of Dario Scimeca’s RSU grants at Precision BioSciences?
The RSU grants from January 20, 2023, April 18, 2024, and August 22, 2024 vest in three substantially equal annual installments, beginning on either January 20, 2024 or January 20, 2025, subject to continued service.
Did Dario Scimeca sell DTIL shares for reasons other than taxes?
No. The disclosure explains that the transaction was a sell-to-cover, with shares sold only to cover tax withholding obligations and fees related to RSU vesting and settlement.