Editas Medicine (EDIT) CSO sells 4,928 shares for tax withholding
Rhea-AI Filing Summary
Editas Medicine, Inc. reported that EVP and Chief Scientific Officer Linda Burkly sold 4,928 shares of common stock at $2.67 per share on July 28, 2026. The sale was executed under a durable Rule 10b5-1 automatic sales plan to cover tax withholding from restricted stock units vesting on July 24, 2026 and was not a discretionary trade. Following this transaction, Burkly directly held 62,369 shares of Editas Medicine common stock.
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Insider Trade Summary 10b5-1
Net Seller: 4,928 shares
Net Sell
1 txn
Insider
Burkly Linda
Role
EVP, CHIEF SCIENTIFIC OFFICER
Sold
4,928 shs ($13K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 4,928 | $2.67 | $13K |
Holdings After Transaction:
Common Stock — 62,369 shares (Direct)
Footnotes (1)
- F1. Sale was effected pursuant to a durable automatic sales instruction plan adopted by the Reporting Person on July 3, 2023, 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 July 24, 2026. The sale does not represent a discretionary trade by the Reporting Person.
Key Figures
Shares sold: 4928.0000 shares
Sale price: $2.6700 per share
Shares owned after sale: 62369.0000 shares
+1 more
4 metrics
Shares sold
4928.0000 shares
Common Stock sold on July 28, 2026
Sale price
$2.6700 per share
Price for the 4,928-share sale
Shares owned after sale
62369.0000 shares
Direct holdings following the transaction
RSU vesting date
July 24, 2026
Restricted stock units that triggered tax withholding
Key Terms
durable automatic sales instruction plan, tax withholding obligations, restricted stock units, Rule 10b5-1
4 terms
durable automatic sales instruction plan regulatory
"Sale was effected pursuant to a durable automatic sales instruction plan"
tax withholding obligations financial
"represents the sale of shares by the Issuer necessary to meet tax withholding obligations"
restricted stock units financial
"as a result of vesting in restricted stock units on July 24, 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.
Rule 10b5-1 regulatory
"document-level Rule 10b5-1 checkbox: true = transactions affirmed"
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) disclose for Linda Burkly?
Editas Medicine disclosed that EVP and Chief Scientific Officer Linda Burkly sold 4,928 shares of common stock at $2.67 per share on July 28, 2026, reported as a sale in an open-market or private transaction.
Was the Editas Medicine (EDIT) insider sale made under a Rule 10b5-1 plan?
Yes. The transaction was effected under a durable automatic sales instruction plan, affirmed as a Rule 10b5-1 trading plan and adopted on July 3, 2023, meaning the trades were pre-arranged rather than timed at the insider’s discretion.
Does the Editas Medicine (EDIT) filing say the insider trade was discretionary?
No. The footnote states the sale “does not represent a discretionary trade” by Linda Burkly. It was executed automatically under a durable plan and tied to RSU vesting and related tax withholding needs, rather than active trading choices.