IOVANCE CCO RSUs Vest; Shares Withheld for Taxes
IOVANCE BIOTHERAPEUTICS, INC.
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Form Type
4
Rhea-AI Filing Summary
IOVANCE BIOTHERAPEUTICS, INC. Chief Commercial Officer Kirby Daniel Gordon reported routine equity compensation activity. On May 11, 2026, 10,000 restricted stock units (RSUs) vested and converted into common stock, with 2,435 shares withheld by the company to cover mandatory tax obligations rather than sold on the market.
After these transactions, Gordon directly holds 146,946 shares of common stock and 70,004 RSUs, which the filing states will vest in equal quarterly installments. The activity reflects compensation vesting and tax withholding, not open-market buying or selling.
Insider Trade Summary
10,000 shares exercised/converted
Exercise
3 txns
Insider
Kirby Daniel Gordon
Role
Chief Commercial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 10,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 10,000 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,435 | $3.70 | $9K |
Holdings After Transaction:
Restricted Stock Units — 70,004 contracts (Direct);
Common Stock — 146,946 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 the 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 February 10, 2025, but does not include any other RSUs held by such Reporting Person.
Key Figures
RSUs vested: 10,000 RSUs
Shares withheld for taxes: 2,435 shares
Common stock held after: 146,946 shares
+2 more
5 metrics
RSUs vested
10,000 RSUs
Restricted stock units vested and converted to common stock on May 11, 2026
Shares withheld for taxes
2,435 shares
Common stock withheld by issuer to satisfy mandatory tax withholding
Common stock held after
146,946 shares
Directly held IOVANCE common stock after tax withholding disposition
RSUs remaining
70,004 RSUs
Unvested restricted stock units remaining after vesting event
Exercise/Conversion price
$0.00 per share
RSUs convert to common stock with no exercise price
Key Terms
restricted stock units, RSUs, mandatory tax withholding requirements, contingent right, +1 more
5 terms
restricted stock units financial
"Represents such shares underlying the restricted stock units ("RSUs") which vested on the transaction date."
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.
RSUs financial
"Each RSU represents a contingent right to receive one share of the Issuer's common stock."
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
mandatory tax withholding requirements financial
"Represents shares withheld by the Issuer to satisfy the mandatory tax withholding requirements upon vesting of the RSUs."
contingent right financial
"Each RSU represents a contingent right to receive one share of the Issuer's common stock."
equal quarterly installments financial
"The remaining RSUs will vest in equal quarterly installments."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did IOVANCE BIOTHERAPEUTICS (IOVA) report for Kirby Daniel Gordon?
IOVANCE reported that Chief Commercial Officer Kirby Daniel Gordon had 10,000 RSUs vest and convert into common stock. As part of this routine equity compensation event, some shares were withheld to satisfy mandatory tax obligations rather than sold on the open market.
What happened to the 10,000 restricted stock units in the IOVANCE (IOVA) Form 4?
The 10,000 restricted stock units vested and converted into an equal number of IOVANCE common shares. A portion of these newly issued shares was withheld by the issuer to cover required tax liabilities, while the remainder increased Gordon’s directly held common stock position.
How will Kirby Daniel Gordon’s remaining IOVANCE (IOVA) RSUs vest over time?
The filing states that Gordon’s remaining 70,004 restricted stock units will vest in equal quarterly installments. Each RSU represents a contingent right to receive one share of IOVANCE common stock, so future vesting will gradually add to his share ownership, subject to conditions.
Is the tax-withholding disposition in the IOVANCE (IOVA) Form 4 a market signal?
The tax-withholding disposition is not treated as a market signal. Shares were withheld by the issuer to satisfy mandatory tax obligations triggered by RSU vesting, rather than sold in open-market transactions initiated for investment or portfolio management reasons.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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