Esperion (NASDAQ: ESPR) CLO trims 11,824 shares to pay RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Esperion Therapeutics, Inc. Chief Legal Officer Benjamin Looker reported an open-market sale of 11,824 shares of common stock. The shares were sold at an average price of $3.155 per share to satisfy tax obligations on recently vested restricted stock units. After this transaction, he continues to hold 667,524 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 11,824 shares ($37,305)
Net Sell
1 txn
Insider
Looker Benjamin
Role
Chief Legal Officer
Sold
11,824 shs ($37K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 11,824 | $3.155 | $37K |
Holdings After Transaction:
Common Stock — 667,524 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 11,824 shares
Sale price: $3.155 per share
Shares held after transaction: 667,524 shares
3 metrics
Shares sold
11,824 shares
Open-market sale on 2026-06-17
Sale price
$3.155 per share
Average sale price for common stock
Shares held after transaction
667,524 shares
Direct ownership following sale
Key Terms
open-market sale, restricted stock units, non-derivative, Chief Legal Officer
4 terms
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.
restricted stock units financial
"tax obligation on vested shares of 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.
non-derivative financial
""transaction_type": "non-derivative""
Chief Legal Officer financial
""officer_title": "Chief Legal Officer""
A chief legal officer is a senior executive responsible for overseeing a company's legal matters, ensuring that its activities comply with laws and regulations. They act like a company's legal guide, helping to prevent legal problems and manage risks. For investors, understanding this role is important because it reflects how well a company manages legal risks that could impact its stability and reputation.
FAQ
What insider transaction did ESPR Chief Legal Officer report?
Esperion Therapeutics Chief Legal Officer Benjamin Looker reported selling 11,824 common shares. The sale was conducted as an open-market transaction at an average price of $3.155 per share, according to the Form 4 insider filing for Esperion Therapeutics, Inc. (ESPR).