Disc Medicine (NASDAQ: IRON) CEO executes 13,264-share sell-to-cover tax trade
Filing Impact
Filing Sentiment
Form Type
4
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
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 13,264 shares ($833,775)
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)
- [object Object]
FAQ
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.