IGM Biosciences PAO Sells $583 in Stock for Tax Obligations
IGM Biosciences (IGMS) Principal Accounting Officer Steven Weber reported a sale of 486 shares of common stock on June 16, 2025.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 486 | $1.1992 | $582.81 |
Footnotes (2)
- F1. These shares were sold to cover tax withholding obligations in connection with the vesting of restricted stock units.
- F2. 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
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What is Steven Weber's role at IGMS and what type of transaction did he execute?
When was this Form 4 filed for IGMS relative to the transaction date?
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