Immunovant (NASDAQ: IMVT) CFO sells 6,798 shares to cover RSU taxes
Rhea-AI Filing Summary
Immunovant, Inc. Chief Financial Officer Tiago Girao reported the sale of 6,798 shares of common stock on July 23, 2026 at a weighted average price of $38.69 per share. The mandated “sell to cover” transaction funded tax withholding on 13,024 vested RSUs, leaving him with 240,798 shares held directly.
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Insights
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Insider Trade Summary
Net Seller: 6,798 shares
Net Sell
1 txn
Insider
Girao Tiago
Role
Chief Financial Officer
Sold
6,798 shs ($263K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 6,798 | $38.69 | $263K |
Holdings After Transaction:
Common Stock — 240,798 shares (Direct)
Footnotes (2)
- F1. 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 13,024 of these RSUs vested on July 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.
- F2. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.18 - $39.05 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: 6,798 shares
Weighted average sale price: $38.69 per share
Post-transaction holdings: 240,798 shares
+3 more
6 metrics
Shares sold
6,798 shares
Common stock sold on July 23, 2026 in a sell-to-cover transaction
Weighted average sale price
$38.69 per share
Average price for the 6,798 shares sold on July 23, 2026
Post-transaction holdings
240,798 shares
Common shares beneficially owned directly after the sale
RSU grant size
208,388 RSUs
Restricted stock units granted on May 1, 2025
RSUs vested
13,024 RSUs
Portion of the May 1, 2025 grant that vested on July 21, 2026
Sale price range
$38.18–$39.05 per share
Range of individual transaction prices for the 6,798 shares sold
Key Terms
restricted stock units ("RSUs"), sell to cover, weighted average price, tax withholding obligations
4 terms
restricted stock units ("RSUs") financial
"the holder was granted 208,388 restricted stock units ("RSUs"), as previously reported"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
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. These shares were sold"
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
"shares sold by the Reporting Person to cover tax withholding obligations"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Immunovant (IMVT) CFO Tiago Girao report?
Tiago Girao reported a sale of 6,798 shares of Immunovant common stock on July 23, 2026 at a weighted average price of $38.69 per share, according to his Form 4 insider trading report.
Was the Immunovant (IMVT) CFO’s Form 4 sale under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirmative, and the footnote describes the sale as a mandated “sell to cover” for tax withholding, not as a discretionary trade executed under a Rule 10b5-1 trading plan.