GRAIL President logs tax-related sale of 61,665 shares
GRAIL, Inc. President and director Joshua J. Ofman reported an automatic sale of common stock tied to tax withholding.
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Form Type
4
Rhea-AI Filing Summary
GRAIL, Inc. President and director Joshua J. Ofman reported an automatic sale of common stock tied to tax withholding. An executing broker sold 61,665 shares in a sell-to-cover transaction following award vesting at a weighted average price of $49.9176 per share. After these sales, Ofman directly holds 371,216 shares of GRAIL common stock. The footnote explains the shares were sold to cover withholding taxes and executed as part of a block trade across multiple transactions.
Insider Trade Summary
Net Seller: 61,665 shares
Net Sell
1 txn
Insider
Ofman Joshua J.
Role
President
Sold
61,665 shs ($3.08M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 61,665 | $49.9176 | $3.08M |
Holdings After Transaction:
Common Stock — 371,216 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.
Key Figures
Shares sold: 61,665 shares
Weighted average sale price: $49.9176 per share
Shares held after transaction: 371,216 shares
3 metrics
Shares sold
61,665 shares
Automatic sell-to-cover on 2026-04-08
Weighted average sale price
$49.9176 per share
Broker-executed block trade for tax withholding
Shares held after transaction
371,216 shares
Direct ownership after sell-to-cover sale
Key Terms
sell-to-cover, withholding taxes, weighted average price, block trade
4 terms
sell-to-cover financial
"Represents automatic 'sell-to-cover' transactions by an executing broker to cover withholding taxes"
Sell-to-cover is when part of newly issued or exercised company stock is immediately sold to pay required taxes and fees, so the recipient keeps the remaining shares. For investors this matters because it reduces the number of shares insiders or employees actually hold after a grant, can create small, routine share sales that aren’t signal of cashing out, and slightly increases share supply on the market—like selling a portion of a paycheck to cover the tax bill.
withholding taxes financial
"transactions by an executing broker to cover withholding taxes upon award vesting and share delivery"
Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.
weighted average price financial
"The price reported in Column 4 is a weighted average price calculated by the broker"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
block trade financial
"These shares were sold as part of a block trade in multiple transactions"
A block trade is a large, privately arranged sale or purchase of a company's shares or bonds between big investors, often negotiated to avoid upsetting the public market price. Think of it like selling a truckload of goods directly to one buyer instead of unloading it on a busy street — it moves a lot of supply at once and can signal shifting demand, affect immediate liquidity, and influence short-term stock prices.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did GRAIL (GRAL) President Joshua J. Ofman report in this Form 4?
Joshua J. Ofman reported an automatic sale of 61,665 shares of GRAIL common stock. The shares were sold by a broker in sell-to-cover transactions to pay withholding taxes triggered by award vesting and share delivery.
How were the GRAIL (GRAL) insider sales executed according to the footnote?
The shares were sold as part of a block trade in multiple transactions. The footnote notes a weighted average sale price and states Ofman will provide details on the number of shares sold at each price upon request to the issuer, security holders, or SEC staff.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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