IGM Biosciences Executive Retains 26,530 Shares After Tax-Related Sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
IGM Biosciences (IGMS) Principal Accounting Officer Steven Weber reported a sale of 486 shares of common stock on June 16, 2025. The transaction was executed at a weighted average price of $1.1992 per share, with individual trades ranging from $1.17 to $1.22.
Key details of the transaction:
- The sale was specifically conducted to cover tax withholding obligations related to the vesting of restricted stock units
- Following the transaction, Weber maintains direct beneficial ownership of 26,530 shares
- The Form 4 was filed on June 28, 2025, with signature by power of attorney through Misbah Tahir
This transaction represents a routine share sale for tax purposes rather than a discretionary trading decision by the insider. The relatively small transaction size and its purpose suggest minimal significance for investor sentiment.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 486 shares ($583)
Net Sell
1 txn
Insider
Weber Steven
Role
PRINCIPAL ACCOUNTING OFFICER
Sold
486 shs ($582.81)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 486 | $1.1992 | $582.81 |
Holdings After Transaction:
Common Stock — 26,530 shares (Direct)
Footnotes (1)
- These shares were sold to cover tax withholding obligations in connection with the vesting of restricted stock units. This transaction was executed in multiple trades at prices ranging from $1.17 to $1.22. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer full information regarding the number of shares sold at each separate sale price.
FAQ
What is Steven Weber's role at IGMS and what type of transaction did he execute?
Steven Weber serves as the Principal Accounting Officer at IGM Biosciences. He executed a sale (S) transaction to cover tax withholding obligations related to the vesting of restricted stock units.
When was this Form 4 filed for IGMS relative to the transaction date?
The Form 4 was signed on June 20, 2025 (by Misbah Tahir with power of attorney) and filed on June 28, 2025, following the transaction date of June 16, 2025.