Century Therapeutics (NASDAQ: IPSC) CSO has shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Century Therapeutics, Inc. Chief Scientific Officer Chad Cowan reported a routine tax-related share withholding. On 2026-04-01, 1,365 shares of common stock were withheld at $2.19 per share to satisfy tax obligations from vesting restricted stock units, not an open-market sale.
After this transaction, Cowan directly held 1,175,680 shares of common stock. An additional 10,697 shares were held indirectly by the Cowan Investment Nominee Trust, for which he disclaims beneficial ownership except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Cowan Chad
Role
Chief Scientific Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,365 | $2.19 | $3K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,175,680 shares (Direct);
Common Stock — 10,697 shares (Indirect, By Trust)
Footnotes (1)
- Represents shares withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock units. Shares held by the Cowan Investment Nominee Trust. The Reporting Person disclaims beneficial ownership except to the extent of any pecuniary interest therein, and this report shall not be deemed an admission that such shares are beneficially owned by him for Section 16 or any other purpose.
Key Figures
Shares withheld for taxes: 1,365 shares
Tax withholding price: $2.19 per share
Direct holdings after transaction: 1,175,680 shares
+2 more
5 metrics
Shares withheld for taxes
1,365 shares
Withheld to satisfy tax obligations on RSU vesting at $2.19
Tax withholding price
$2.19 per share
Price applied to the 1,365 withheld common shares
Direct holdings after transaction
1,175,680 shares
Century Therapeutics common stock directly held by Cowan after withholding
Indirect trust holdings
10,697 shares
Shares held by the Cowan Investment Nominee Trust, beneficial ownership disclaimed
Tax-withholding share count
1,365 shares
Reported as F-code tax-withholding disposition in transaction summary
Key Terms
restricted stock units, tax withholding obligations, beneficial ownership, pecuniary interest, +1 more
5 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 withheld by the Issuer to satisfy tax withholding obligations"
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership except to the extent of any pecuniary interest"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"disclaims beneficial ownership except to the extent of any pecuniary interest therein"
Section 16 regulatory
"not be deemed an admission that such shares are beneficially owned by him for Section 16 or any other purpose"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
What insider transaction did IPSC Chief Scientific Officer Chad Cowan report?
Chad Cowan reported a tax-withholding disposition where 1,365 shares of Century Therapeutics common stock were withheld at $2.19 per share. This occurred due to the vesting of restricted stock units and was not an open-market sale or discretionary trade.
What is the role of the Cowan Investment Nominee Trust in this IPSC Form 4?
The Form 4 notes 10,697 Century Therapeutics shares are held by the Cowan Investment Nominee Trust. Chad Cowan disclaims beneficial ownership of these shares, except for any pecuniary interest, indicating they are held indirectly rather than as his direct personal holdings.