Disc Medicine (IRON) COO sells shares in tax-related transaction
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Disc Medicine, Inc. Chief Operating Officer Yu Jonathan Yen-Wen reported an open-market sale of 3,231 shares of common stock at $62.86 per share. After the transaction, he directly owns 54,324 shares. According to the footnote, the sale was solely to cover tax withholding on vesting restricted stock units and was not a discretionary trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,231 shares ($203,101)
Net Sell
1 txn
Insider
Yu Jonathan Yen-Wen
Role
Chief Operating Officer
Sold
3,231 shs ($203K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,231 | $62.86 | $203K |
Holdings After Transaction:
Common Stock — 54,324 shares (Direct)
Footnotes (1)
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FAQ
What did Disc Medicine (IRON) COO report in this Form 4 filing?
Disc Medicine Chief Operating Officer Yu Jonathan Yen-Wen reported selling 3,231 shares of common stock at $62.86 per share. The filing states this was done to cover tax withholding from vesting restricted stock units, rather than as a discretionary stock sale.
What is the transaction code used in the Disc Medicine (IRON) Form 4?
The Form 4 uses transaction code “S”, indicating a sale of common stock in an open-market or private transaction. A footnote clarifies that, despite the sale code, the purpose was tax withholding for vesting restricted stock units, not a discretionary stock sale.