Dyne Therapeutics (NASDAQ: DYN) CMO has shares sold for tax withholding
Rhea-AI Filing Summary
Dyne Therapeutics, Inc. reported that Chief Medical Officer Douglas Kerr sold 1,556 shares of common stock on August 13, 2026 at a weighted average price of $26.28 per share. The shares were automatically sold to satisfy tax withholding obligations arising from the vesting of previously granted restricted stock units under a pre-arranged agreement treated as a Rule 10b5-1 "binding contract", so the transaction did not represent a discretionary trade. Following this sale, Kerr directly held 167,599 shares of common stock, including 140,001 unvested RSUs.
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Insider Trade Summary 10b5-1
Net Seller: 1,556 shares
Net Sell
1 txn
Insider
Kerr Douglas
Role
Chief Medical Officer
Sold
1,556 shs ($41K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2, F3 | 1,556 | $26.28 | $41K |
Holdings After Transaction:
Common Stock — 167,599 shares (Direct)
Footnotes (3)
- F1. Represents shares automatically sold by the Reporting Person to satisfy tax withholding obligations in connection with the vesting of restricted stock units granted to the Reporting Person on February 12, 2026. The automatic sale of the Reporting Person's shares is provided for in a restricted stock unit agreement constituting a "binding contract" consistent with the affirmative defense to liability under Rule 10b5-1 and the sale does not represent a discretionary trade by the Reporting Person.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $26.17 to $26.39, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote of this Form 4.
- F3. Includes 140,001 unvested RSUs.
Key Figures
Shares sold: 1,556 shares
Weighted average sale price: $26.28 per share
Price range of sales: $26.17 to $26.39
+3 more
6 metrics
Shares sold
1,556 shares
Common stock automatically sold on August 13, 2026 to satisfy tax withholding
Weighted average sale price
$26.28 per share
Multiple sale transactions within a price range of $26.17 to $26.39
Price range of sales
$26.17 to $26.39
Range of prices for individual trades included in the weighted average
Shares held after transaction
167,599 shares
Direct common stock holdings following the August 13, 2026 sale
Unvested RSUs included
140,001 RSUs
Unvested restricted stock units included in post-transaction holdings
Net shares sold in filing
1,556 shares
Net-sell direction based on transaction summary for this Form 4
Key Terms
restricted stock units, Rule 10b5-1, weighted average price, tax withholding obligations
4 terms
restricted stock units financial
"Includes 140,001 unvested RSUs."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Rule 10b5-1 regulatory
"constituting a "binding contract" consistent with the affirmative defense to liability under Rule 10b5-1"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
tax withholding obligations financial
"sold by the Reporting Person to satisfy tax withholding obligations in connection with the vesting"
FAQ
What insider transaction did Dyne Therapeutics (DYN) disclose for Douglas Kerr?
Dyne Therapeutics disclosed that Chief Medical Officer Douglas Kerr sold 1,556 shares of common stock on August 13, 2026. The sale was to cover tax withholding obligations related to vesting restricted stock units.
What does the Rule 10b5-1 reference mean in the Dyne Therapeutics (DYN) Form 4?
The filing notes the RSU agreement is a "binding contract" consistent with Rule 10b5-1’s affirmative defense. This means the sale followed a pre-established plan, reducing the significance of trade timing as an information signal.
AI-generated analysis. How Rhea-AI works. Not financial advice.