Disc Medicine COO sells shares to cover taxes
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.
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
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)
- F1. This transaction represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of certain restricted stock units previously reported in Table I. This sale is a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.