[Form 4] Esperion Therapeutics, Inc. Insider Trading Activity
Form 4 highlights: Esperion Therapeutics (ESPR) President & CEO Sheldon L. Koenig reported the sale of 30,474 common shares on 06/17/2025 at an average price of $1.109 per share, transaction code “S”. Following the disposition, Koenig directly owns 1,541,488 ESPR shares.
The filing notes that the shares were sold solely to cover tax-withholding obligations incurred from the vesting of restricted stock units; the sale was not part of an open-market liquidation for personal gain. No derivative securities were acquired or disposed of, and no Rule 10b5-1 trading plan was indicated.
Because the sale represents roughly 2 % of Koenig’s direct holdings and leaves his ownership position largely intact, the transaction appears routine and is unlikely to materially affect investor perceptions of insider alignment or corporate governance.
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Insights
TL;DR: Small, tax-driven sale; insider alignment unchanged.
The CEO’s 30 k-share sale equates to roughly 2 % of his stake and just over $33 k in proceeds. Given the explicit tax-withholding explanation and the remaining 1.54 million-share position, I view the event as non-impactful for valuation or sentiment. No derivatives, no pattern of sequential sales, and no change in senior management status reduce the informational value for trading decisions.
TL;DR: Routine Section 16 filing; governance risk minimal.
Form 4 shows compliance with timely reporting and transparent disclosure of the tax-related nature of the sale. The modest size relative to total holdings maintains incentive alignment, and no red flags such as undisclosed 10b5-1 activity or derivative hedging appear. I classify the event as ordinary-course administrative reporting with neutral governance impact.