Disc Medicine CMO executes RSU tax share sale
Disc Medicine, Inc. Chief Medical Officer William Jacob Savage reported an open-market sale of 3,256 shares of common stock at $62.86 per share.
Rhea-AI Filing Summary
Disc Medicine, Inc. Chief Medical Officer William Jacob Savage reported an open-market sale of 3,256 shares of common stock at $62.86 per share. According to the footnote, this was a non-discretionary “sell to cover” transaction to satisfy tax withholding obligations from vesting restricted stock units. After the sale, he directly owned 92,589 shares.
Positive
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Negative
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Insider Trade Summary
Net Seller: 3,256 shares
Net Sell
1 txn
Insider
Savage William Jacob
Role
Chief Medical Officer
Sold
3,256 shs ($205K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,256 | $62.86 | $205K |
Holdings After Transaction:
Common Stock — 92,589 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 in this Form 4?
Disc Medicine reported that Chief Medical Officer William Jacob Savage sold 3,256 shares of common stock at $62.86 per share. The filing states this was a tax-related “sell to cover” linked to vesting restricted stock units, not a discretionary stock sale.
Was the IRON insider sale by William Jacob Savage a discretionary transaction?
No, the filing specifies the sale was a non-discretionary “sell to cover” for tax withholding obligations. It occurred in connection with the vesting of previously reported restricted stock units, rather than a voluntary decision to reduce his investment in Disc Medicine.
Why did the Disc Medicine (IRON) CMO execute a sell-to-cover transaction?
The filing explains that shares were sold to satisfy tax withholding obligations triggered by the vesting of certain restricted stock units. This type of sell-to-cover transaction is administrative in nature and does not represent a voluntary share sale decision by the executive.
AI-generated analysis. How Rhea-AI works. Not financial advice.