Editas Medicine (EDIT) CSO sells 731 shares under automatic tax-cover plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Editas Medicine, Inc. executive Linda Burkly reported an open-market sale of common stock. She sold 731 shares on June 3, 2026 at a weighted average price of $2.7011 per share. After this transaction, she directly holds 67,297 shares of Editas Medicine common stock.
According to the footnotes, the sale was carried out under a durable automatic sales instruction plan adopted on July 3, 2023. The shares were sold to cover tax withholding obligations arising from restricted stock units that vested on June 2, 2026, and the filing states the trade was not discretionary.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 731 shares ($1,975)
Net Sell
1 txn
Insider
Burkly Linda
Role
EVP, CHIEF SCIENTIFIC OFFICER
Sold
731 shs ($2K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 731 | $2.7011 | $2K |
Holdings After Transaction:
Common Stock — 67,297 shares (Direct, null)
Footnotes (1)
- 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 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 $2.7050. 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: 731 shares
Sale price: $2.7011 per share
Shares held after: 67,297 shares
+2 more
5 metrics
Shares sold
731 shares
Open-market sale on June 3, 2026
Sale price
$2.7011 per share
Weighted average price for June 3, 2026 trades
Shares held after
67,297 shares
Direct holdings following the reported transaction
RSU vesting date
June 2, 2026
RSUs whose vesting triggered tax obligations
Plan adoption date
July 3, 2023
Durable automatic sales instruction plan adoption
Key Terms
durable automatic sales instruction plan, restricted stock units, weighted average purchase price, open-market sale
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 July 3, 2023"
restricted stock units financial
"tax withholding obligations as a result of vesting in restricted stock units on June 2, 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.
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 sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.