Tax-cover share sale by Disc Medicine (IRON) chief commercial officer
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,531 shares ($347,679)
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)
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FAQ
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.