IOVANCE COO RSUs vest; shares withheld for taxes
IOVANCE BIOTHERAPEUTICS Chief Operating Officer Igor Bilinsky reported routine equity compensation activity.
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Form Type
4
Rhea-AI Filing Summary
IOVANCE BIOTHERAPEUTICS Chief Operating Officer Igor Bilinsky reported routine equity compensation activity. On the transaction date, 8,790 restricted stock units (RSUs) vested into an equal number of common shares. The company withheld 4,473 shares at $3.96 per share to cover mandatory tax obligations, which was not an open-market sale. Following these transactions, Bilinsky directly held 130,083 shares of common stock and 26,369 RSUs that will continue to vest in equal quarterly installments.
Insider Trade Summary
8,790 shares exercised/converted
Exercise
3 txns
Insider
BILINSKY IGOR
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 8,790 | $0.00 | $0.00 |
| Exercise | Common Stock | 8,790 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 4,473 | $3.96 | $18K |
Holdings After Transaction:
Restricted Stock Units — 26,369 contracts (Direct);
Common Stock — 130,083 shares (Direct)
Footnotes (6)
- F1. Represents such shares underlying the restricted stock units ("RSUs") which vested on the transaction date.
- F2. Represents shares withheld by the Issuer to satisfy the mandatory tax withholding requirements upon vesting of the RSUs. This is not an open market sale of securities.
- F3. Represents common stock remaining after deducting the common stock withheld for taxes.
- F4. Each RSU represents a contingent right to receive one share of the Issuer's common stock.
- F5. The remaining RSUs will vest in equal quarterly installments.
- F6. Such aggregate number reflects the remainder of such RSUs granted on March 1, 2024, but does not include any other RSUs held by such Reporting Person.
Key Figures
RSUs vested: 8,790 units
Shares withheld for taxes: 4,473 shares at $3.96
Common shares held after transactions: 134,556 shares
+2 more
5 metrics
RSUs vested
8,790 units
Restricted stock units converting into common stock on transaction date
Shares withheld for taxes
4,473 shares at $3.96
Mandatory tax withholding on RSU vesting
Common shares held after transactions
134,556 shares
Direct IOVANCE common stock holdings post-transaction
Remaining RSUs
26,369 units
RSUs outstanding after this vesting, vesting in equal quarterly installments
RSU exercise price
$0.00 per unit
Conversion of RSUs into common stock at no exercise cost
Key Terms
Restricted Stock Units, tax withholding requirements, derivative security, contingent right, +1 more
5 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units" and footnote describing RSUs vesting"
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.
tax withholding requirements financial
"Represents shares withheld by the Issuer to satisfy the mandatory tax withholding requirements upon vesting"
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.
contingent right financial
"Each RSU represents a contingent right to receive one share of the Issuer's common stock."
open market sale financial
"This is not an open market sale of securities."
An open market sale is when a company or a shareholder sells shares through the regular stock market to any willing buyer, using ordinary exchange trading rather than private deals. It matters to investors because it increases the number of shares available and can push the price down or change ownership balance—think of it like someone putting extra items on a supermarket shelf for any shopper to buy, which can lower the item's price if supply suddenly grows.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did IOVA COO Igor Bilinsky report on this Form 4?
Igor Bilinsky reported vesting of 8,790 restricted stock units into common shares and a related tax-withholding disposition of 4,473 shares at $3.96 each. These moves reflect routine equity compensation events rather than open-market buying or selling activity.
What happened to Igor Bilinsky’s restricted stock units (RSUs) in this IOVA filing?
In this filing, 8,790 RSUs vested, each converting into one share of IOVANCE common stock. After vesting, 26,369 RSUs remain outstanding. A footnote notes these remaining RSUs will vest in equal quarterly installments going forward.
Does the IOVA Form 4 show any open-market buying or selling by the COO?
The Form 4 does not show any open-market purchases or sales. It records an RSU vesting, an associated derivative exercise, and shares withheld for taxes. All activity is compensation-related rather than discretionary trading in the open market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
