Inovio Pharmaceuticals (INO) CFO exercises 4,771 RSUs and has 2,571 shares withheld for taxes
Rhea-AI Filing Summary
INOVIO PHARMACEUTICALS, INC. CFO Peter Kies reported routine equity compensation activity involving restricted stock units. On May 15, 2026, 4,771 restricted stock units were exercised and converted into an equal number of common shares, consistent with a vesting schedule covering 14,313 units.
In a related transaction that day, 2,571 common shares were withheld by the issuer at $1.30 per share to satisfy Kies’s tax withholding obligations tied to this vesting and settlement. These tax-withholding shares were not an open-market sale.
Following these transactions, Kies directly holds 38,842 common shares, and his spouse indirectly holds an additional 375 common shares reported as indirect ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,200 shares
Net Buy
4 txns
Insider
KIES PETER
Role
CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 4,771 | $0.00 | $0.00 |
| Exercise | Common Stock | 4,771 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,571 | $1.30 | $3K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 0 shares (Direct);
Common Stock — 38,842 shares (Direct);
Common Stock — 375 shares (Indirect, By Spouse)
Footnotes (2)
- F1. Each restricted stock unit represents a contingent right to receive one share of common stock. The vesting schedule for the 14,313 restricted stock units was as follows: 4,771 shares vested on May 15, 2024; 4,771 shares vested on May 15, 2025; and 4,771 shares vested on May 15, 2026. Vested restricted stock units can be settled in shares of common stock, cash or a combination of both.
- F2. The transaction reported represents the withholding of shares by the issuer to satisfy the reporting person's tax withholding obligations in connection with the vesting and settlement of the restricted stock unit award reported in the immediately preceding row and described in footnote (1) herein.
Key Figures
RSUs exercised: 4,771 units
Shares withheld for taxes: 2,571 shares at $1.30
Direct holdings after transactions: 38,842 shares
+2 more
5 metrics
RSUs exercised
4,771 units
Restricted stock units converted to common stock on May 15, 2026
Shares withheld for taxes
2,571 shares at $1.30
Common shares withheld to satisfy tax obligations
Direct holdings after transactions
38,842 shares
Common stock directly owned by CFO after May 15, 2026
Indirect spouse holdings
375 shares
Common stock held indirectly via spouse
Original RSU award size
14,313 units
Restricted stock unit award vesting over three annual tranches
Key Terms
Restricted Stock Unit, vesting schedule, tax withholding obligations, derivative security
4 terms
Restricted Stock Unit financial
"Each restricted stock unit represents a contingent right to receive one share of common stock."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
vesting schedule financial
"The vesting schedule for the 14,313 restricted stock units was as follows: 4,771 shares vested on May 15, 2024; 4,771 shares vested on May 15, 2025; and 4,771 shares vested on May 15, 2026."
A vesting schedule is a timeline that determines when someone gains full ownership of certain benefits, such as company stock or retirement contributions. Think of it like earning the right to own a gift gradually over time, rather than receiving it all at once. It matters to investors because it affects when they can fully access or sell these benefits, influencing their financial planning and decision-making.
tax withholding obligations financial
"The transaction reported represents the withholding of shares by the issuer to satisfy the reporting person's tax withholding obligations in connection with the vesting and settlement of the restricted stock unit award..."
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did INO CFO Peter Kies report on May 15, 2026?
CFO Peter Kies reported the vesting and exercise of 4,771 restricted stock units into common shares and a related tax-withholding share disposition. These actions stem from an existing equity award vesting schedule rather than open-market trading activity.
What restricted stock unit award is referenced in the INO Form 4 footnotes?
The footnotes describe a 14,313-unit restricted stock award vesting in three equal tranches of 4,771 units each on May 15, 2024, 2025, and 2026. Vested units can be settled in shares, cash, or a combination, according to the disclosure.
What does transaction code F mean in the INO CFO Form 4 filing?
Transaction code F represents a disposition where shares are delivered to the issuer to pay an exercise price or tax liability. Here, it reflects 2,571 common shares withheld by INOVIO to satisfy CFO Peter Kies’s tax withholding obligations on RSU vesting.
How many INO restricted stock units did the CFO exercise in this filing?
The filing shows the exercise of 4,771 restricted stock units into common shares on May 15, 2026. This corresponds to the final vesting tranche of a 14,313-unit award, following earlier equal vestings in May 2024 and May 2025.