Century Therapeutics (IPSC) CSO reports tax withholding of shares and restated holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Century Therapeutics, Inc. Chief Scientific Officer Chad Cowan reported routine share activity related to equity compensation. On June 11, 2026, 358 shares of common stock were withheld at $2.24 per share to cover tax obligations upon the vesting of restricted stock units, which is not an open-market sale. After this tax-withholding disposition, Cowan directly holds 1,175,322 common shares. A separate entry reports 10,697 common shares held indirectly by the Cowan Investment Nominee Trust, for which he disclaims beneficial ownership except to 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 | 358 | $2.24 | $801.92 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,175,322 shares (Direct, null);
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
Tax-withheld shares: 358 shares
Tax-withholding price: $2.24 per share
Direct holdings after transaction: 1,175,322 shares
+1 more
4 metrics
Tax-withheld shares
358 shares
Shares withheld to satisfy tax obligations on RSU vesting
Tax-withholding price
$2.24 per share
Value used for 358 shares withheld for taxes
Direct holdings after transaction
1,175,322 shares
Century Therapeutics common stock directly held after June 11, 2026
Indirect trust holdings
10,697 shares
Common shares held by Cowan Investment Nominee Trust
Key Terms
restricted stock units, tax withholding obligations, Cowan Investment Nominee Trust, 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"
Cowan Investment Nominee Trust financial
"Shares held by the Cowan Investment Nominee Trust."
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 did Century Therapeutics (IPSC) Chief Scientific Officer Chad Cowan report in this Form 4?
Chad Cowan reported a routine tax-related share withholding and updated holdings. 358 shares of Century Therapeutics common stock were withheld to pay taxes on vesting restricted stock units, and his direct and indirect ownership positions were restated accordingly.
What is the significance of the Cowan Investment Nominee Trust in this IPSC Form 4?
The Cowan Investment Nominee Trust holds 10,697 IPSC shares reported as indirect ownership. The filing states Cowan disclaims beneficial ownership of these shares except for any pecuniary interest, clarifying how these trust-held shares relate to his economic stake.