Elevation Oncology CEO Shows Confidence: Retains 145K Shares After RSU Vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Joseph J. Ferra Jr., Chief Executive Officer and Director of Elevation Oncology (ELEV), reported two significant transactions on June 16, 2025:
- Acquired 12,560 shares of common stock through the vesting of Restricted Stock Units (RSUs)
- Subsequently disposed of 4,627 shares at $0.3854 per share, likely for tax withholding purposes
Following these transactions, Ferra's direct ownership stands at 145,085 shares. The RSUs, which originally vested 25% on June 16, 2022, followed by quarterly vesting of 1/16 of the total RSUs, have now been fully exercised. This insider activity provides insight into the executive compensation structure and demonstrates continued alignment between management and shareholder interests.
Positive
- None.
Negative
- None.
Insider Trade Summary
12,560 shares exercised/converted
Mixed
3 txns
Insider
Ferra Joseph J Jr
Role
CHIEF EXECUTIVE OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 12,560 | $0.00 | -- |
| Exercise | Common Stock | 12,560 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,627 | $0.3854 | $2K |
Holdings After Transaction:
Restricted Stock Unit — 0 shares (Direct);
Common Stock — 149,712 shares (Direct)
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock. 25% of the RSUs vested on June 16, 2022, and the remainder vested as to 1/16 of the total RSUs quarterly. The RSUs do not expire; they either vest or are canceled prior to the vesting date.
FAQ
What insider trading activity occurred at ELEV on June 16, 2025?
CEO Joseph J. Ferra Jr. acquired 12,560 shares through the vesting of Restricted Stock Units (RSUs) and subsequently disposed of 4,627 shares at a price of $0.3854 per share, leaving him with a total of 145,085 shares held directly.
What is the vesting schedule for ELEV CEO's Restricted Stock Units?
According to the filing, 25% of the RSUs vested on June 16, 2022, with the remaining RSUs vesting quarterly at a rate of 1/16 of the total RSU amount. The RSUs do not have an expiration date - they either vest or are canceled prior to the vesting date.
What positions does Joseph Ferra hold at ELEV as of June 2025?
Joseph Ferra serves as both the Chief Executive Officer and a Director of Elevation Oncology, Inc. (ELEV), as indicated by the checked boxes in Section 5 of the Form 4 filing.