Editas Medicine (EDIT) CFO tax-related share sale executed under preset plan
Rhea-AI Filing Summary
Editas Medicine, Inc. executive Amy Parison, SVP and Chief Financial Officer, reported the sale of 678 shares of common stock on August 3, 2026 at $2.58 per share. The sale was executed under a Rule 10b5-1 durable automatic sales instruction plan adopted on July 7, 2022 to satisfy tax withholding obligations arising from restricted stock units that vested on August 1, 2026 and was not a discretionary trade. Following this transaction, she directly holds 14,292 shares of Editas Medicine common stock.
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Insider Trade Summary 10b5-1
Net Seller: 678 shares
Net Sell
1 txn
Insider
Parison Amy
Role
SVP, Chief Financial Officer
Sold
678 shs ($2K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 678 | $2.58 | $2K |
Holdings After Transaction:
Common Stock — 14,292 shares (Direct)
Footnotes (1)
- F1. Sale was effected pursuant to a durable automatic sales instruction plan adopted by the Reporting Person on July 7, 2022, and represents the sale of shares by the Issuer necessary to meet tax withholding obligations as a result of vesting in restricted stock units on August 1, 2026. The sale does not represent a discretionary trade by the Reporting Person.
Key Figures
Shares sold: 678 shares
Sale price: $2.58 per share
Shares held after sale: 14,292 shares
+2 more
5 metrics
Shares sold
678 shares
Common stock sold by CFO on August 3, 2026
Sale price
$2.58 per share
Price for the 678 common shares sold on August 3, 2026
Shares held after sale
14,292 shares
Direct holdings of CFO following the reported transaction
Plan adoption date
July 7, 2022
Date durable automatic sales instruction plan was adopted
RSU vesting date
August 1, 2026
Vesting date that triggered related tax withholding sale
Key Terms
durable automatic sales instruction plan, restricted stock units, tax withholding obligations, Rule 10b5-1
4 terms
durable automatic sales instruction plan regulatory
"Sale was effected pursuant to a durable automatic sales instruction plan adopted by the Reporting Person"
restricted stock units financial
"tax withholding obligations as a result of vesting in restricted stock units on August 1, 2026"
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.
tax withholding obligations financial
"represents the sale of shares by the Issuer necessary to meet tax withholding obligations"
Rule 10b5-1 regulatory
"Transactions were affirmed under a Rule 10b5-1 trading arrangement"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Editas Medicine (EDIT) report for Amy Parison?
Editas Medicine reported that CFO Amy Parison sold 678 shares of common stock on August 3, 2026 at $2.58 per share. The transaction was made under a prearranged Rule 10b5-1 plan and related to tax withholding on vested restricted stock units.
Does the Editas Medicine (EDIT) Form 4 sale reflect a discretionary trade by the CFO?
No. The filing states the sale does not represent a discretionary trade by the CFO. It was executed under a durable automatic sales instruction plan adopted July 7, 2022, to cover tax withholding on restricted stock units that vested August 1, 2026.