Iovance COO has 8,789 RSUs vest into shares
COO Igor Bilinsky had RSUs vest into common stock, with a portion of shares withheld to cover tax obligations.
Rhea-AI Filing Summary
IOVANCE BIOTHERAPEUTICS, INC. (IOVA) reported that Chief Operating Officer Igor Bilinsky had 8,789 Restricted Stock Units (RSUs) vest on September 1, 2026, resulting in the issuance of 8,789 shares of common stock. Of these, 4,472 shares of common stock were withheld at $8.28 per share to satisfy mandatory tax withholding, which the company states was not an open market sale. Following the transaction, 17,580 RSUs from the March 1, 2024 grant remain outstanding and will vest in equal quarterly installments; this aggregate RSU figure does not include any other RSUs he holds.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F4, F5, F6 | 8,789 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 8,789 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2, F3 | 4,472 | $8.28 | $37K |
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
Key Terms
Restricted Stock Units financial
mandatory tax withholding financial
contingent right financial
equal quarterly installments financial
FAQ
What insider transaction did IOVA report for COO Igor Bilinsky?
How many IOVA RSUs remain outstanding from the March 1, 2024 grant?
Were the reported IOVA insider transactions under a Rule 10b5-1 plan?
AI-generated analysis. How Rhea-AI works. Not financial advice.