Disc Medicine (NASDAQ: IRON) CMO sells shares to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
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
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,256 shares ($204,672)
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)
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FAQ
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.