Disc Medicine CCO sells shares to cover taxes
Disc Medicine, Inc. Chief Commercial Officer Pamela Stephenson reported an open-market sale of 5,531 shares of common stock at $62.86 per share.
Rhea-AI Filing Summary
Disc Medicine, Inc. Chief Commercial Officer Pamela Stephenson reported an open-market sale of 5,531 shares of common stock at $62.86 per share. According to the filing, the sale was solely to cover tax withholding on vesting restricted stock units. She now holds 80,998 shares directly.
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Insider Trade Summary
Net Seller: 5,531 shares
Net Sell
1 txn
Insider
Stephenson Pamela
Role
Chief Commercial Officer
Sold
5,531 shs ($348K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,531 | $62.86 | $348K |
Holdings After Transaction:
Common Stock — 80,998 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 Pamela Stephenson?
Pamela Stephenson reported selling 5,531 Disc Medicine shares at $62.86 per share. The filing explains this was a sell-to-cover transaction for tax withholding related to vesting restricted stock units, rather than a discretionary share sale.
Was the Disc Medicine (IRON) insider sale an open-market transaction?
Yes. The Form 4 describes the event as an open-market sale of common stock at $62.86 per share. However, the footnote clarifies that the sale was executed solely to satisfy tax withholding obligations arising from vesting restricted stock units.
Does the Disc Medicine (IRON) filing describe the sale as discretionary?
No. The Form 4 explicitly notes the sale is a “sell to cover” tax transaction and does not represent a discretionary sale by Pamela Stephenson. It was undertaken to meet tax withholding obligations from vesting restricted stock units.
AI-generated analysis. How Rhea-AI works. Not financial advice.