Dyne Therapeutics (DYN) CMO auto-sells shares to cover RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dyne Therapeutics, Inc. Chief Medical Officer Douglas Kerr reported an automatic sale of 904 shares of common stock on March 5, 2026 at $14.90 per share. The shares were sold to satisfy tax withholding obligations tied to the vesting of restricted stock units granted on December 4, 2024, under a pre-arranged Rule 10b5-1 "binding contract," so the transaction was not a discretionary trade. Following this sale, he beneficially owned 171,606 shares, including 153,625 unvested RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 904 shares ($13,470)
Net Sell
1 txn
Insider
Kerr Douglas
Role
Chief Medical Officer
Sold
904 shs ($13K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 904 | $14.90 | $13K |
Holdings After Transaction:
Common Stock — 171,606 shares (Direct)
Footnotes (1)
- 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 December 4, 2024. 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. Includes 153,625 unvested RSUs.
FAQ
What did Dyne Therapeutics (DYN) CMO Douglas Kerr report in this Form 4?
Douglas Kerr reported an automatic sale of Dyne Therapeutics shares. He disclosed selling 904 shares of common stock at $14.90 per share in a transaction designed to cover tax withholding obligations from vesting restricted stock units granted on December 4, 2024.
What are the restricted stock units (RSUs) mentioned in Douglas Kerr’s Dyne Therapeutics (DYN) filing?
The RSUs are equity awards that vest over time for Douglas Kerr. The filing notes his holdings include 153,625 unvested RSUs, and the automatic sale of 904 shares occurred to cover tax withholding obligations arising when some of these restricted stock units vested.