Immunovant CLO sells shares to cover RSU taxes
Immunovant, Inc. Chief Legal Officer Christopher Van Tuyl reported an open-market sale of 2,634 shares of common stock at $35.39 per share.
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Rhea-AI Filing Summary
Immunovant, Inc. Chief Legal Officer Christopher Van Tuyl reported an open-market sale of 2,634 shares of common stock at $35.39 per share. This transaction was executed to cover tax withholding obligations tied to the vesting and settlement of previously granted restricted stock units.
According to the disclosure, the sale was mandated by the company’s "sell to cover" election and was not a discretionary trade by the officer. Following the transaction, Van Tuyl directly holds 180,597 shares of Immunovant common stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,634 | $35.39 | $93K |
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 June 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.
Key Figures
Key Terms
restricted stock units ("RSUs") financial
sell to cover financial
tax withholding obligations financial
open-market sale financial
FAQ
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What insider transaction did Immunovant (IMVT) disclose for Christopher Van Tuyl?
What equity awards are referenced in this Immunovant (IMVT) Form 4 filing?
Was the Immunovant (IMVT) insider sale by the CLO a discretionary trade?
AI-generated analysis. How Rhea-AI works. Not financial advice.