GRAIL (GRAL) CEO sells 37,504 shares in automatic tax sell-to-cover
Rhea-AI Filing Summary
GRAIL, Inc. director and Chief Executive Officer Robert P. Ragusa reported two automatic sell-to-cover transactions of common stock tied to equity award vesting. He disposed of 35,787 shares at an average price of $50.0853 and 1,717 shares at $51.8430 to cover withholding taxes.
After these tax-related sales, he continued to hold 650,525 shares of GRAIL common stock directly. The prices reported represent weighted average prices calculated by the executing broker for block trades executed in multiple transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 37,504 shares
Net Sell
2 txns
Insider
RAGUSA ROBERT P
Role
Chief Executive Officer
Sold
37,504 shs ($1.88M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 35,787 | $50.0853 | $1.79M |
| Sale | Common Stock | 1,717 | $51.843 | $89K |
Holdings After Transaction:
Common Stock — 650,525 shares (Direct)
Footnotes (1)
- F1. Represents automatic sell-to-cover transactions by an executing broker to cover withholding taxes upon award vesting and share delivery. The price reported in Column 4 is a weighted average price calculated by the broker executing these transactions. These shares were sold as part of a block trade in multiple transactions, and the Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate sales price.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did GRAIL (GRAL) report for its CEO?
GRAIL (GRAL) reported that CEO Robert P. Ragusa executed automatic sell-to-cover transactions totaling 37,504 common shares. These sales were made to cover tax withholding obligations arising from equity award vesting and share delivery, rather than as discretionary open-market sales.
Were the GRAIL (GRAL) CEO’s stock sales discretionary open-market trades?
The Form 4 states the GRAIL (GRAL) CEO’s sales were automatic sell-to-cover transactions. According to the footnote, an executing broker sold shares to cover withholding taxes triggered by equity award vesting and share delivery, rather than discretionary sales for portfolio rebalancing.
What does 'sell-to-cover' mean in the GRAIL (GRAL) CEO’s Form 4?
In the GRAIL (GRAL) CEO’s Form 4, 'sell-to-cover' describes automatic share sales executed by a broker to pay withholding taxes on vested equity awards. Shares are sold upon vesting, and proceeds go toward tax obligations instead of representing a typical elective share sale.