Century Therapeutics (IPSC) executive sells shares to cover RSU tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Century Therapeutics, Inc. executive Gregory Russotti reported an automatic sale of shares to cover taxes on vested stock awards. On June 12, 2026, 2,584 shares of common stock were sold in open-market transactions at an average price of $2.232 per share to satisfy tax withholding obligations tied to restricted stock unit vesting. The filing explains these sales were automatic and not at Russotti’s discretion. After the sale, he directly held 512,319 common shares and indirectly held 92,773 shares through the Gregory Russotti 2021 Family Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,584 shares ($5,767)
Net Sell
2 txns
Insider
Russotti Gregory
Role
See Remarks
Sold
2,584 shs ($6K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,584 | $2.232 | $6K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 512,319 shares (Direct, null);
Common Stock — 92,773 shares (Indirect, By Gregory Russotti 2021 Family Trust)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 2,584 shares
Sale price: $2.232 per share
Direct holdings after transaction: 512,319 shares
+1 more
4 metrics
Shares sold
2,584 shares
Open-market sale on June 12, 2026
Sale price
$2.232 per share
Average price for tax-related sale
Direct holdings after transaction
512,319 shares
Common stock directly owned after sale
Indirect holdings via family trust
92,773 shares
Held by Gregory Russotti 2021 Family Trust
Key Terms
restricted stock units, tax withholding obligations, open-market sale, Family Trust
4 terms
restricted stock units financial
"in connection with the vesting of restricted stock units."
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 obligations financial
"shares required to be sold ... to cover tax withholding obligations"
open-market sale financial
"Sale in open market or private transaction"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Family Trust financial
"By Gregory Russotti 2021 Family Trust"
FAQ
What did Gregory Russotti report in this Century Therapeutics (IPSC) Form 4?
Gregory Russotti reported an automatic sale of 2,584 Century Therapeutics common shares. The shares were sold to cover tax withholding obligations triggered by the vesting of restricted stock units, meaning the transactions were mechanistic rather than discretionary trading in the open market.
What is the role of the Gregory Russotti 2021 Family Trust in this IPSC filing?
The Gregory Russotti 2021 Family Trust is disclosed as the holder of 92,773 Century Therapeutics shares indirectly attributed to Russotti. This indicates part of his stake is structured through a family trust, which is common for estate planning and long-term ownership purposes in insider holdings.