Immunovant (IMVT) CFO sells 25,760 shares to cover RSU tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Immunovant, Inc. Chief Financial Officer Tiago Girao reported an open-market sale of 25,760 shares of common stock at a weighted average price of $29.62 per share. After this transaction, he directly holds 247,596 shares.
According to the footnotes, this sale was executed solely to cover tax withholding obligations tied to the vesting and settlement of 52,097 restricted stock units from a prior grant of 208,388 RSUs. The company required a “sell to cover” transaction, so the sale is described as non-discretionary for the executive.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 25,760 shares ($763,011)
Net Sell
1 txn
Insider
Girao Tiago
Role
Chief Financial Officer
Sold
25,760 shs ($763K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 25,760 | $29.62 | $763K |
Holdings After Transaction:
Common Stock — 247,596 shares (Direct, null)
Footnotes (1)
- On May 1, 2025, the holder was granted 208,388 restricted stock units ("RSUs"), as previously reported on a Form 4 filed on May 5, 2025, of which 52,097 of these RSUs vested on April 21, 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. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.23 - $30.00 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: 25,760 shares
Weighted average sale price: $29.62 per share
Shares held after transaction: 247,596 shares
+3 more
6 metrics
Shares sold
25,760 shares
Open-market sale to cover RSU tax withholding
Weighted average sale price
$29.62 per share
Common stock sale
Shares held after transaction
247,596 shares
Direct holdings post-sale
RSU grant size
208,388 RSUs
Grant on May 1, 2025
RSUs vested
52,097 RSUs
Vested on April 21, 2026
Sale price range
$29.23–$30.00 per share
Range for multiple transactions
Key Terms
restricted stock units, sell to cover, weighted average price, open-market sale
4 terms
restricted stock units financial
"the holder was granted 208,388 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
"tax withholding obligations to be funded by 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.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What did Immunovant (IMVT) CFO Tiago Girao report in this Form 4?
Immunovant CFO Tiago Girao reported selling 25,760 shares of common stock at a weighted average price of $29.62. The footnotes explain the sale was to cover tax withholding on vested RSUs, not a discretionary trade.
What RSU grant is referenced in Immunovant (IMVT) CFO’s Form 4?
The filing notes a grant of 208,388 restricted stock units awarded on May 1, 2025. Of this grant, 52,097 RSUs vested on April 21, 2026, and the tax obligations from that vesting triggered the mandatory sell-to-cover stock sale.