Editas Medicine (EDIT) CEO logs automatic, tax-related share sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Editas Medicine CEO O'Neill Gilmore Neil reported an automatic, tax-related share sale. On June 3, 2026, he sold 15,380 shares of common stock at a weighted average price of $2.7011 per share, leaving 248,313 shares owned directly.
The sale was executed under a durable automatic sales instruction plan adopted on April 13, 2022, and was made to cover tax withholding obligations from restricted stock units that vested on June 2, 2026. The footnote states this was not a discretionary trade by the CEO.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 15,380 shares ($41,543)
Net Sell
1 txn
Insider
O'Neill Gilmore Neil
Role
CEO
Sold
15,380 shs ($42K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 15,380 | $2.7011 | $42K |
Holdings After Transaction:
Common Stock — 248,313 shares (Direct, null)
Footnotes (1)
- Sale was effected pursuant to a durable automatic sales instruction plan adopted by the Reporting Person on April 13, 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 June 2, 2026. The sale does not represent a discretionary trade by the Reporting Person. This transaction was executed in multiple trades at prices ranging from $2.7010 to $2.7250. The price reported above reflects the weighted average purchase price. The Reporting Person hereby undertakes to provide upon request, to the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.
Key Figures
Shares sold: 15,380 shares
Weighted average price: $2.7011 per share
Shares owned after transaction: 248,313 shares
+2 more
5 metrics
Shares sold
15,380 shares
Common Stock sale on June 3, 2026
Weighted average price
$2.7011 per share
Open-market sale price range $2.7010–$2.7250
Shares owned after transaction
248,313 shares
Direct ownership following the June 3, 2026 sale
Plan adoption date
April 13, 2022
Durable automatic sales instruction plan adoption
RSU vesting date
June 2, 2026
Restricted stock units vesting that triggered tax withholding
Key Terms
durable automatic sales instruction plan, restricted stock units, weighted average purchase price, open market or private transaction
4 terms
durable automatic sales instruction plan financial
"Sale was effected pursuant to a durable automatic sales instruction plan adopted by the Reporting Person on April 13, 2022"
restricted stock units financial
"represents the sale of shares by the Issuer necessary to meet tax withholding obligations as a result of vesting in restricted stock units"
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.
weighted average purchase price financial
"The price reported above reflects the weighted average purchase price"
The weighted average purchase price is the average cost per share you paid across multiple buys, calculated so larger purchases count more than smaller ones. Imagine buying apples at different prices: the overall price you effectively paid depends on how many apples you bought at each price. Investors use it to measure true cost basis, calculate gains or losses, decide when to sell, and manage taxes and portfolio performance.
open market or private transaction financial
"Sale in open market or private transaction"
FAQ
What did Editas Medicine (EDIT) CEO report in this Form 4 filing?
The CEO reported selling 15,380 shares of Editas Medicine common stock. The sale was tied to tax withholding for vested restricted stock units and executed under a pre-arranged automatic sales instruction plan rather than a discretionary trade.