Immunovant CLO sells 2,877 shares for tax withholding
Immunovant, Inc.’s Chief Legal Officer Christopher Van Tuyl reported a mandated tax-related share sale.
Rhea-AI Filing Summary
Immunovant, Inc.’s Chief Legal Officer Christopher Van Tuyl reported a mandated tax-related share sale. On March 18, he disposed of 2,877 shares of common stock at $24.97 per share to cover tax withholding obligations from recently vested restricted stock units. After this transaction, he directly holds 147,053 shares. The company notes this "sell to cover" sale was required under its tax withholding policy and was not a discretionary trade.
Positive
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Negative
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Insider Trade Summary
Net Seller: 2,877 shares
Net Sell
1 txn
Insider
Van Tuyl Christopher
Role
Chief Legal Officer
Sold
2,877 shs ($72K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,877 | $24.97 | $72K |
Holdings After Transaction:
Common Stock — 147,053 shares (Direct)
Footnotes (1)
- 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 March 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Immunovant (IMVT) report for Christopher Van Tuyl?
Immunovant’s Chief Legal Officer Christopher Van Tuyl reported disposing of 2,877 common shares. The shares were sold at $24.97 each to satisfy tax withholding obligations related to vested restricted stock units, rather than as a discretionary open-market trade.
Was the March 18, 2026 sale by Immunovant’s CLO a discretionary trade?
No. The company states the sale was mandated by its election to fund tax withholding through a "sell to cover" transaction. As a result, the trade was executed to meet tax obligations and did not represent a voluntary decision to reduce his Immunovant shareholdings.
What prior equity award to Immunovant’s CLO is referenced in this Form 4?
The filing references a grant of 109,956 restricted stock units on December 16, 2024, previously reported in a December 18, 2024 Form 4. Of that award, 6,872 RSUs vested on March 16, 2026, triggering the associated tax withholding that led to the share sale.
AI-generated analysis. How Rhea-AI works. Not financial advice.