SVP at Century Therapeutics (IPSC) sells shares to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Century Therapeutics, Inc. Senior Vice President of Finance & Operations Douglas Carr completed an automatic sale of 264 shares of common stock at $2.341 per share. The sale was made solely to cover tax withholding obligations arising from the vesting of restricted stock units and was not at his discretion.
Following this tax-related sale, Carr directly holds 506,997 shares of Century Therapeutics common stock, indicating that the transaction represents a very small portion of his overall equity position.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 264 shares ($618)
Net Sell
1 txn
Insider
Carr Douglas
Role
SVP Finance & Operations
Sold
264 shs ($618.02)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 264 | $2.341 | $618.02 |
Holdings After Transaction:
Common Stock — 506,997 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 264 shares
Sale price: $2.341 per share
Shares held after: 506,997 shares
+1 more
4 metrics
Shares sold
264 shares
Common stock sold to cover tax withholding
Sale price
$2.341 per share
Price for Century Therapeutics common stock in this transaction
Shares held after
506,997 shares
Direct holdings of Douglas Carr after transaction
Net buy/sell shares
-264 shares
Net effect of reported transactions, indicating a small net sale
Key Terms
restricted stock units, tax withholding obligations, open-market sale
3 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
"to cover tax withholding obligations in connection with the vesting"
open-market sale financial
"transaction_action": "open-market sale""
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.
FAQ
What insider transaction did Century Therapeutics (IPSC) report for Douglas Carr?
Douglas Carr, SVP Finance & Operations at Century Therapeutics, sold 264 common shares at $2.341 each. The sale was automatic and executed solely to satisfy tax withholding obligations tied to restricted stock unit vesting, rather than a discretionary portfolio decision.
Was the Century Therapeutics (IPSC) insider sale an open-market trade signal?
Although coded as a sale, the transaction was executed to cover tax withholding on restricted stock unit vesting. The footnote states the sales were automatic and not at Douglas Carr’s discretion, so they do not reflect an active open-market trading decision.