Dyne Therapeutics (DYN) CCO auto-sells shares to cover RSU tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dyne Therapeutics, Inc. Chief Commercial Officer Johanna Friedl-Naderer reported an open-market sale of 145 shares of common stock at a weighted average price of $18.33 per share.
According to the disclosure, these shares were sold automatically to cover tax withholding obligations tied to the vesting of restricted stock units granted on December 4, 2024, under a restricted stock unit agreement described as a binding contract consistent with the affirmative defense under Rule 10b5-1. After this transaction, she holds 154,208 shares directly, which includes 123,678 unvested restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 145 shares ($2,658)
Net Sell
1 txn
Insider
Friedl-Naderer Johanna
Role
Chief Commercial Officer
Sold
145 shs ($3K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 145 | $18.33 | $3K |
Holdings After Transaction:
Common Stock — 154,208 shares (Direct, null)
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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $18.01 to $18.70, 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. Includes 123,678 unvested RSUs.
Key Figures
Shares sold: 145 shares
Weighted average sale price: $18.33/share
Sale price range: $18.01–$18.70/share
+2 more
5 metrics
Shares sold
145 shares
Open-market sale on June 16, 2026 to satisfy tax withholding
Weighted average sale price
$18.33/share
Common stock sale linked to RSU vesting
Sale price range
$18.01–$18.70/share
Multiple transactions within this range on sale date
Shares held after transaction
154,208 shares
Direct holdings of CCO following reported sale
Unvested RSUs included
123,678 RSUs
Unvested restricted stock units included in post-transaction total
Key Terms
restricted stock units, Rule 10b5-1, weighted average price
3 terms
restricted stock units financial
"Represents shares automatically sold ... in connection with the vesting of restricted stock units granted to the Reporting Person"
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
"a restricted stock unit agreement 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.
FAQ
What insider transaction did Dyne Therapeutics (DYN) report for Johanna Friedl-Naderer?
Dyne Therapeutics reported that Chief Commercial Officer Johanna Friedl-Naderer sold 145 shares of common stock. The shares were sold at a weighted average price of $18.33 per share in an automatic transaction linked to restricted stock unit vesting and tax withholding.
Was the Dyne Therapeutics (DYN) insider sale by the CCO a discretionary trade?
No, the sale was not discretionary. The filing states the 145 shares were automatically sold to satisfy tax withholding obligations under a restricted stock unit agreement, structured as a binding contract consistent with the affirmative defense to liability under Rule 10b5-1.