Tax withholding trims Structure Therapeutics (NASDAQ: GPCR) CMO stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Structure Therapeutics Inc. chief medical officer Coll Crespo Blas reported a Form 4 showing a tax-related share disposition. On the vesting of a restricted share unit award, 11,826 Ordinary Shares were withheld by the company at $20.99 per share to cover income tax obligations. After this withholding transaction, Blas directly owned 204,981 Ordinary Shares. The footnotes explain that each American Depositary Share represents three Ordinary Shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Coll Crespo Blas
Role
CHIEF MEDICAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Ordinary Shares | 11,826 | $20.99 | $248K |
Holdings After Transaction:
Ordinary Shares — 204,981 shares (Direct)
Footnotes (1)
- The Ordinary Shares of the Issuer may be represented by American Depositary Shares ("ADSs"). Each ADS represents three Ordinary Shares of the Issuer. Represents shares withheld by the Issuer to satisfy income tax obligations associated with the vesting of a restricted share unit award.
FAQ
What insider transaction did Structure Therapeutics (GPCR) report for Coll Crespo Blas?
Structure Therapeutics reported that chief medical officer Coll Crespo Blas had 11,826 Ordinary Shares withheld to cover taxes on a restricted share unit vesting. This Form 4 disposition reflects a tax-withholding event rather than an open-market trade.
Was the Structure Therapeutics (GPCR) insider transaction an open-market sale?
No, the transaction was not an open-market sale. The Form 4 describes a tax-withholding disposition, where 11,826 shares were withheld by Structure Therapeutics to pay income taxes linked to restricted share unit vesting, rather than shares being sold on the open market.