Immunovant (NASDAQ: IMVT) CTO sells shares to cover RSU tax withholding
Rhea-AI Filing Summary
Immunovant, Inc. reported insider share sales by its Chief Technology Officer, Jay Stout, tied to RSU tax withholding. On January 7, 2026, he sold 1,148 shares of common stock at a weighted average price of $26.51 per share and 55 shares at a weighted average price of $26.92 per share. These sales were executed to cover tax withholding obligations from the vesting and settlement of restricted stock units and were mandated by the company’s “sell to cover” election, rather than being discretionary trades. Following the reported transactions, he directly held 199,611 shares of Immunovant common stock.
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FAQ
What insider transaction did Immunovant (IMVT) report for its CTO?
Immunovant reported that its Chief Technology Officer, Jay Stout, sold shares of common stock on January 7, 2026 in connection with restricted stock unit vesting and related tax withholding.
How many Immunovant (IMVT) shares did the CTO sell and at what prices?
Jay Stout sold 1,148 shares of Immunovant common stock at a weighted average price of $26.51 per share and 55 shares at a weighted average price of $26.92 per share on January 7, 2026.
Why did the Immunovant CTO sell shares in this Form 4 filing?
The filing explains that the shares were sold to cover tax withholding obligations arising from the vesting and settlement of previously granted restricted stock units (RSUs) under a company-mandated “sell to cover” arrangement.
How many Immunovant (IMVT) shares does the CTO own after these transactions?
After the reported January 7, 2026 sales, Jay Stout beneficially owned 199,611 shares of Immunovant common stock directly.
What RSUs are referenced in this Immunovant insider filing?
The footnotes state that on April 2, 2024, the holder was granted 54,978 RSUs, of which 3,436 RSUs vested on January 2, 2026, triggering the tax withholding and related sell-to-cover share sales.
Were the Immunovant CTO’s share sales discretionary trades?
No. The filing notes that the sale is mandated by Immunovant’s election to satisfy tax withholding through a “sell to cover” transaction and does not represent a discretionary transaction by the reporting person.