Ionis (NASDAQ: IONS) CFO details RSU grants and 12,922-share tax sale
Rhea-AI Filing Summary
Ionis Pharmaceuticals EVP, Finance & CFO Elizabeth L. Hougen reported several equity award transactions and a small share sale. On January 15, 2026, 28,729 Restricted Stock Units (RSUs) vested and were converted into common stock at an exercise price of $0.0, and she received a new grant of 34,360 Performance RSUs and 12,885 RSUs under the company’s 2011 Equity Incentive Plan. The performance units may vest after a three-year period based on relative total shareholder return, with the amount reported representing the maximum that can be earned.
On January 16, 2026, she sold 12,922 shares of common stock at a weighted average price of $75.22 to cover tax withholding obligations related to the RSU vesting. After these transactions, she directly held 126,307 shares of common stock, 120,995 Performance RSUs, and 68,825 RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 12,922 | $75.22 | $972K |
| Grant/Award | Performance Restricted Stock Units | 34,360 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 28,729 | $0.00 | -- |
| Grant/Award | Restricted Stock Unit | 12,885 | $0.00 | -- |
| Exercise | Common Stock | 28,729 | $0.00 | -- |
Footnotes (1)
- Acquired pursuant to vesting and release of shares in accordance with Restricted Stock Unit awards. The sale was made pursuant to an automatic sale to cover the required tax withholding obligations pursuant to the 2011 Equity Incentive Plan Restricted Stock Unit Agreement and Grant Notice. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.18 to $75.26 inclusive. The reporting person undertakes to provide to Ionis Pharmaceuticals, Inc. any security holder of Ionis Pharmaceuticals, Inc. 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 ranges set forth in footnote (3) on this Form 4. Grant to reporting person of Performance Restricted Stock Units (PRSUs) under the Ionis Pharmaceuticals, Inc. Amended and Restated 2011 Equity Incentive Plan. The PRSUs may vest at the end of the three-year performance period following the date of grant based on the Issuer's relative total shareholder return as compared to a peer group of companies. The number of PRSUs reported represents the maximum that may be earned, which is 200% of the target number. No number of PRSUs is guaranteed to vest and the actual number of PRSUs that will vest at the end of the performance period may be anywhere from zero to the amount stated. Each Restricted Stock Unit represents a contingent right to receive one share of Ionis common stock, or its equivalent cash value. Restricted Stock Units vest in four equal annual installments. Upon vesting, the restricted stock units will be paid out in whole shares of Ionis common stock or cash as may be determined by the Company. Grant to reporting person of Restricted Stock Units under the Ionis Pharmaceuticals, Inc. Amended and Restated 2011 Equity Incentive Plan.
