CEO at Insight Molecular (IMDX) vests 47,170 RSUs with no share sale
Rhea-AI Filing Summary
Insight Molecular Diagnostics CEO Josh Riggs reported a compensation-related stock transaction involving restricted stock units (RSUs). On March 26, 2026, 47,170 RSUs vested and were converted into the same number of common shares at an exercise price of $0.00 per share under the company’s 2018 Equity Incentive Plan.
To cover required tax withholding on this vesting, 12,310 common shares were withheld by the company at $4.11 per share. The filing states that Riggs did not sell any shares; the disposition was solely for tax obligations. Following these transactions, he directly held 38,365 common shares, and the remaining 75% of the original RSU award is scheduled to vest in equal installments over the next three years, subject to continuous service.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 47,170 | $0.00 | -- |
| Exercise | Common Stock | 47,170 | $0.00 | -- |
| Tax Withholding | Common Stock | 12,310 | $4.11 | $51K |
Footnotes (1)
- Represents vesting of 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 RSUs vested on the one-year anniversary of the effective date of grant. 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. Each RSU has a value equal to one share of common stock. 25% of the RSUs vested on March 26, 2026 and the remaining 75% will vest in equal installments on each of the second-, third- and fourth-year anniversaries, respectively, of the effective date of grant subject to continuous service through the applicable vesting date.