Immunovant legal chief sells 2,846 shares for taxes
The 2,846-share sale was mandated to cover tax withholding after 6,872 restricted stock units vested.
Rhea-AI Filing Summary
Immunovant, Inc. Chief Legal Officer Christopher Van Tuyl sold 2,846 shares of common stock on September 23, 2026, at a weighted average price of $36.36 per share, leaving him with 176,545 shares held directly. The sale was a sell-to-cover transaction mandated by the issuer to fund tax withholding tied to the vesting and settlement of 6,872 restricted stock units on September 16, 2026; the transaction was not discretionary. No Rule 10b5-1 plan is reported.
Positive
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Negative
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Insider Trade Summary
Net Seller: 2,846 shares
Net Sell
1 txn
Insider
Van Tuyl Christopher
Role
Chief Legal Officer
Sold
2,846 shs ($103K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 2,846 | $36.36 | $103K |
Holdings After Transaction:
Common Stock — 176,545 shares (Direct)
Footnotes (2)
- F1. On December 16, 2024, the holder was granted 109,956 restricted stock units ("RSUs"), as previously reported on a Form 4 filed on December 18, 2024, of which 6,872 of these RSUs vested on September 16, 2026. The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of these RSUs. The sale is mandated by the Issuer's election to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person.
- F2. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.35 - $36.66 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
Key Figures
Shares sold: 2,846 shares
Weighted average sale price: $36.36 per share
Sale price range: $36.35–$36.66 per share
+3 more
6 metrics
Shares sold
2,846 shares
Common stock sold on September 23, 2026
Weighted average sale price
$36.36 per share
Sale on September 23, 2026
Sale price range
$36.35–$36.66 per share
Prices across multiple transactions
Direct shares following sale
176,545 shares
Reported common stock holdings after the sale
Restricted stock units vested
6,872 RSUs
Vested September 16, 2026
Restricted stock units granted
109,956 RSUs
Granted December 16, 2024
Key Terms
restricted stock units, sell to cover, weighted average price, tax withholding obligations
4 terms
restricted stock units financial
"109,956 restricted stock units ("RSUs")"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
sell to cover financial
"a "sell to cover" transaction"
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
weighted average price financial
"The price reported is a weighted average price"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
tax withholding obligations financial
"to cover tax withholding obligations"
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