Disc Medicine CEO sells 13,264 shares in tax sale
Disc Medicine, Inc. Chief Executive Officer John D. Quisel reported an open‑market sale of 13,264 shares of common stock at $62.86 per share.
Rhea-AI Filing Summary
Disc Medicine, Inc. Chief Executive Officer John D. Quisel reported an open‑market sale of 13,264 shares of common stock at $62.86 per share. According to the filing, this was a "sell to cover" transaction to satisfy tax withholding obligations from vesting restricted stock units and was not a discretionary trade. After the sale, Quisel directly owned 226,064 shares of Disc Medicine common stock.
Positive
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Insider Trade Summary
Net Seller: 13,264 shares
Net Sell
1 txn
Insider
Quisel John D
Role
Chief Executive Officer
Sold
13,264 shs ($834K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 13,264 | $62.86 | $834K |
Holdings After Transaction:
Common Stock — 226,064 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 insider transaction did Disc Medicine (IRON) report for John D. Quisel?
Disc Medicine reported that CEO John D. Quisel sold 13,264 shares of common stock at $62.86 per share. The filing states this was a sell-to-cover transaction for tax withholding related to vesting restricted stock units, not a discretionary open-market trade.
Was the Disc Medicine (IRON) CEO’s recent stock sale an open-market sale?
Yes, the transaction is coded as an open-market or private sale at $62.86 per share. However, the footnote explains it was executed solely to satisfy tax withholding on vesting restricted stock units, characterizing it as a nondiscretionary sell-to-cover transaction.
What does a sell-to-cover transaction mean for Disc Medicine (IRON) insiders?
A sell-to-cover transaction means shares are sold to pay taxes triggered by equity vesting, rather than to change investment exposure. For John D. Quisel, the Form 4 notes the sale covered tax withholding from restricted stock unit vesting and was not a discretionary sale decision.
AI-generated analysis. How Rhea-AI works. Not financial advice.