Edgewise (EWTX) insider reports RSU vesting, sell-to-cover and $13.39 option grant
Rhea-AI Filing Summary
Edgewise Therapeutics insider Russell Alan J reported multiple equity transactions on 08/12/2025. He acquired 5,781 shares via vesting of RSUs and sold 1,907 shares in a sell-to-cover to satisfy tax withholding at an average sale price of $13.3924 per share (individual sale prices ranged $13.36–$13.49). After these transactions he beneficially owns 23,400 shares.
The filing also shows newly granted compensation awards: 5,781 RSUs vesting in four equal annual installments beginning 08/12/2025, 28,125 RSUs vesting in four equal annual installments beginning 08/12/2026, and a stock option to purchase 168,750 shares at an exercise price of $13.39 per share exercisable beginning 09/12/2025 with a 08/12/2035 expiration. The report identifies Russell as Chief Scientific Officer and a director.
Positive
- Comprehensive disclosure of RSU grants, option awards, and sell-to-cover transactions provides transparency.
- Long-term incentives granted (RSUs and 10-year option) align executive compensation with shareholder interests.
- Sell-to-cover was limited to tax withholding and not a discretionary large sale.
Negative
- Potential dilution from sizable option (168,750 shares) and RSU pools if fully vested/exercised.
- Material share creation could increase share count over multiple years, impacting per-share metrics if exercised/issued.
Insights
TL;DR: Executive received standard equity compensation and completed a routine sell-to-cover; this is typical for management equity programs.
The report documents non-discretionary and discretionary equity awards consistent with executive compensation: two RSU grant tranches (5,781 and 28,125 RSUs) with multi-year vesting schedules and a sizable stock option (168,750 shares) with a $13.39 exercise price and a ten-year term. The sell-to-cover of 1,907 shares relates solely to tax withholding on RSU vesting and was executed at an average of $13.3924 per share. These items are material to insider dilution and potential future share supply if options are exercised, but they are recorded as routine compensation rather than transactional dispositions for liquidity.
TL;DR: Filing accurately discloses vesting/option mechanics and a tax-related share sale; no unusual trading or large dispositions reported.
The Form 4 shows the reporting person acquired 5,781 shares via RSU vesting and sold 1,907 shares in a sell-to-cover. The option grant vests monthly after a one-month cliff and expires in 2035, which is standard for long-term incentive design. The filing includes an earlier 1,005-share ESPP purchase. All positions are reported as direct ownership. From a compliance perspective, the disclosure is complete and consistent with Section 16 reporting norms.