Insight Molecular CFO RSUs vest on $75M float trigger; holdings 189,056
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Insight Molecular Diagnostics (IMDX) filed a Form 4/A reporting that its Chief Financial Officer, Andrea James, had 50,000 shares of common stock issued at $0 upon vesting of performance-based RSUs on 10/31/2025. To cover taxes, 12,175 shares were withheld at $6.01; no shares were sold. Following these transactions, she directly beneficially owned 189,056 shares.
The RSUs vested after the company’s public float reached at least $75 million, satisfying a “Baby Shelf” condition that ended Form S-3 “baby shelf” limitations. This amendment corrects the original report to include the tax withholding.
Positive
- None.
Negative
- None.
Insider Trade Summary
50,000 shares exercised/converted
Mixed
3 txns
Insider
James Andrea S.
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 50,000 | $0.00 | -- |
| Exercise | Common Stock | 50,000 | $0.00 | -- |
| Tax Withholding | Common Stock | 12,175 | $6.01 | $73K |
Holdings After Transaction:
Restricted Stock Units — 50,000 shares (Direct);
Common Stock — 201,231 shares (Direct)
Footnotes (1)
- Represents vesting an award of performance-based restricted stock units ("RSUs") issued pursuant to the Company's 2018 Equity Incentive Plan. Each RSU represents the right to receive, at settlement, one share of common stock. The reported disposition reflects shares withheld by the Company to cover required tax withholding obligations upon the vesting of the RSUs. The reporting person did not sell any shares. The RSUs vested on the last day of the month upon satisfaction of the "Baby Shelf" performance condition described in the Reporting Person's Employment Agreement, which required that the Company's public float reach at least $75 million such that the Company would no longer be subject to the SEC's "baby shelf" limitations on Form S-3 eligibility. The satisfaction of this condition resulted in the vesting of 50% of the RSUs granted to the Reporting Person, subject to the Reporting Person's continued service.
FAQ
What did IMDX disclose in this Form 4/A?
Vesting of 50,000 performance-based RSUs for the CFO on 10/31/2025 and the withholding of 12,175 shares at $6.01 for taxes.
What triggered the RSU vesting for IMDX’s CFO?
The company’s public float reached at least $75 million, satisfying the “Baby Shelf” performance condition.
Why was this an amendment (Form 4/A) for IMDX?
It corrects the original filing to include the withholding of 12,175 shares for tax obligations upon RSU vesting.
What percentage of RSUs vested under the performance condition?
The filing states that satisfying the condition resulted in vesting of 50% of the RSUs granted to the reporting person.