STOCK TITAN

[Form 4] Ironwood Pharmaceuticals, Inc. - Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Ironwood Pharmaceuticals insider sale was a routine, non-discretionary sell-to-cover tied to restricted stock unit vesting. Chief Commercial Officer Tammi L. Gaskins sold 1,316 shares of Class A common stock on 08/11/2025 at a reported price of $0.84 per share to satisfy tax withholding obligations. After the transaction the reporting person beneficially owned 241,280 shares directly.

The filing states the sale occurred automatically to cover tax withholding and "does not represent a discretionary trade by the Reporting Person." This indicates the transaction was an administrative tax-related sale rather than a voluntary disposition of shares.

La vendita interna di Ironwood Pharmaceuticals è stata una vendita di copertura routinaria, non discrezionale legata al vesting delle restricted stock unit. La Chief Commercial Officer Tammi L. Gaskins ha venduto 1,316 azioni di azioni ordinarie di Classe A l'11/08/2025 a un prezzo riportato di $0.84 per azione per soddisfare gli obblighi di ritenuta fiscale. Dopo la transazione, la persona che ha effettuato la segnalazione deteneva direttamente 241,280 azioni.

La documentazione indica che la vendita è avvenuta automaticamente per coprire la ritenuta fiscale e "non rappresenta un'operazione discrezionale da parte della persona segnalante." Ciò indica che la transazione è stata una vendita amministrativa correlata alle imposte piuttosto che una cessione volontaria di titoli.

La venta interna de Ironwood Pharmaceuticals fue una venta de cobertura rutinaria, no discrecional, vinculada al vesting de unidades restringidas de acciones. La Chief Commercial Officer Tammi L. Gaskins vendió 1,316 acciones de acciones ordinarias Clase A el 11/08/2025 a un precio reportado de $0.84 por acción para cumplir con las obligaciones de retención fiscal. Tras la operación, la persona informante poseía directamente 241,280 acciones.

El documento indica que la venta se realizó automáticamente para cubrir la retención fiscal y "no representa una operación discrecional por parte de la persona informante." Esto señala que la transacción fue una venta administrativa relacionada con impuestos y no una disposición voluntaria de acciones.

Ironwood Pharmaceuticals의 내부자 매각은 제한 주식 단위(RSU) 베스팅과 연계된 일상적이고 비재량적인 커버셀(sell-to-cover)이었습니다. 최고상업책임자 Tammi L. Gaskins는 2025/08/11에 클래스 A 보통주 1,316주를 보고된 가격인 $0.84 per share에 매도하여 세금 원천징수 의무를 이행했습니다. 거래 후 해당 보고인은 직접적으로 241,280주를 실질적으로 보유했습니다.

신고서에는 매각이 세금 원천징수를 충당하기 위해 자동으로 이루어졌으며 "보고인에 의한 재량적 거래를 나타내지 않는다"고 명시되어 있습니다. 이는 해당 거래가 주식을 자발적으로 처분한 것이 아니라 행정적·세무 관련 매각임을 의미합니다.

La cession par un initié chez Ironwood Pharmaceuticals était une opération de sell-to-cover routinière et non discrétionnaire liée au vesting d'unités d'actions restreintes. La Chief Commercial Officer Tammi L. Gaskins a vendu 1,316 actions ordinaires de catégorie A le 11/08/2025 à un prix déclaré de $0.84 par action afin de satisfaire aux obligations de retenue à la source. Après la transaction, la personne déclarante détenait directement 241,280 actions.

Le dossier indique que la vente s'est déroulée automatiquement pour couvrir la retenue fiscale et "ne représente pas une opération discrétionnaire de la part de la personne déclarante." Cela montre qu'il s'agissait d'une cession administrative liée aux impôts plutôt que d'une disposition volontaire d'actions.

Der Insider-Verkauf bei Ironwood Pharmaceuticals war ein routinemäßiger, nicht diskretionärer Sell-to-Cover im Zusammenhang mit dem Vesting von Restricted Stock Units. Chief Commercial Officer Tammi L. Gaskins verkaufte am 11.08.2025 1,316 Aktien der Klasse-A-Stammaktien zu einem gemeldeten Preis von $0.84 pro Aktie, um Steuerrückbehaltspflichten zu erfüllen. Nach der Transaktion besaß die meldepflichtige Person unmittelbar 241,280 Aktien.

Die Einreichung besagt, dass der Verkauf automatisch zur Deckung der Steuerabzüge erfolgte und "keinen diskretionären Handel durch die meldepflichtige Person darstellt." Dies deutet darauf hin, dass es sich um einen administrativen, steuerlich bedingten Verkauf handelte und nicht um eine freiwillige Veräußerung von Aktien.

Positive
  • Transaction explicitly labeled non-discretionary: sale was executed automatically to satisfy tax withholding obligations related to RSU vesting.
  • Significant retained ownership: reporting person continues to beneficially own 241,280 shares directly after the transaction.
Negative
  • None.

Insights

TL;DR: Non-discretionary sell-to-cover of 1,316 shares; routine insider tax withholding, not a market signal.

The Form 4 reports an automatic sale of 1,316 Class A shares at $0.84 per share to satisfy tax withholding on RSU vesting. The reporting person remains a significant direct holder with 241,280 shares. Because the filer explicitly states the sale was executed automatically to cover taxes and "does not represent a discretionary trade," this is a standard administrative transaction with limited informational content for investors. No derivative transactions or other disposals are reported.

TL;DR: Routine officer sell-to-cover; governance disclosure is complete and explains the non-discretionary nature.

The Form 4 identifies the reporting person as an Officer (Chief Commercial Officer) and discloses the required explanatory language that the sale was for tax withholding tied to RSU vesting. The filing includes the post-transaction beneficial ownership of 241,280 shares, which maintains transparency on insider holdings. From a governance standpoint, the disclosure meets Section 16 transparency expectations and clarifies that the trade was automatic rather than a voluntary divestiture.

La vendita interna di Ironwood Pharmaceuticals è stata una vendita di copertura routinaria, non discrezionale legata al vesting delle restricted stock unit. La Chief Commercial Officer Tammi L. Gaskins ha venduto 1,316 azioni di azioni ordinarie di Classe A l'11/08/2025 a un prezzo riportato di $0.84 per azione per soddisfare gli obblighi di ritenuta fiscale. Dopo la transazione, la persona che ha effettuato la segnalazione deteneva direttamente 241,280 azioni.

La documentazione indica che la vendita è avvenuta automaticamente per coprire la ritenuta fiscale e "non rappresenta un'operazione discrezionale da parte della persona segnalante." Ciò indica che la transazione è stata una vendita amministrativa correlata alle imposte piuttosto che una cessione volontaria di titoli.

La venta interna de Ironwood Pharmaceuticals fue una venta de cobertura rutinaria, no discrecional, vinculada al vesting de unidades restringidas de acciones. La Chief Commercial Officer Tammi L. Gaskins vendió 1,316 acciones de acciones ordinarias Clase A el 11/08/2025 a un precio reportado de $0.84 por acción para cumplir con las obligaciones de retención fiscal. Tras la operación, la persona informante poseía directamente 241,280 acciones.

El documento indica que la venta se realizó automáticamente para cubrir la retención fiscal y "no representa una operación discrecional por parte de la persona informante." Esto señala que la transacción fue una venta administrativa relacionada con impuestos y no una disposición voluntaria de acciones.

Ironwood Pharmaceuticals의 내부자 매각은 제한 주식 단위(RSU) 베스팅과 연계된 일상적이고 비재량적인 커버셀(sell-to-cover)이었습니다. 최고상업책임자 Tammi L. Gaskins는 2025/08/11에 클래스 A 보통주 1,316주를 보고된 가격인 $0.84 per share에 매도하여 세금 원천징수 의무를 이행했습니다. 거래 후 해당 보고인은 직접적으로 241,280주를 실질적으로 보유했습니다.

신고서에는 매각이 세금 원천징수를 충당하기 위해 자동으로 이루어졌으며 "보고인에 의한 재량적 거래를 나타내지 않는다"고 명시되어 있습니다. 이는 해당 거래가 주식을 자발적으로 처분한 것이 아니라 행정적·세무 관련 매각임을 의미합니다.

La cession par un initié chez Ironwood Pharmaceuticals était une opération de sell-to-cover routinière et non discrétionnaire liée au vesting d'unités d'actions restreintes. La Chief Commercial Officer Tammi L. Gaskins a vendu 1,316 actions ordinaires de catégorie A le 11/08/2025 à un prix déclaré de $0.84 par action afin de satisfaire aux obligations de retenue à la source. Après la transaction, la personne déclarante détenait directement 241,280 actions.

Le dossier indique que la vente s'est déroulée automatiquement pour couvrir la retenue fiscale et "ne représente pas une opération discrétionnaire de la part de la personne déclarante." Cela montre qu'il s'agissait d'une cession administrative liée aux impôts plutôt que d'une disposition volontaire d'actions.

Der Insider-Verkauf bei Ironwood Pharmaceuticals war ein routinemäßiger, nicht diskretionärer Sell-to-Cover im Zusammenhang mit dem Vesting von Restricted Stock Units. Chief Commercial Officer Tammi L. Gaskins verkaufte am 11.08.2025 1,316 Aktien der Klasse-A-Stammaktien zu einem gemeldeten Preis von $0.84 pro Aktie, um Steuerrückbehaltspflichten zu erfüllen. Nach der Transaktion besaß die meldepflichtige Person unmittelbar 241,280 Aktien.

Die Einreichung besagt, dass der Verkauf automatisch zur Deckung der Steuerabzüge erfolgte und "keinen diskretionären Handel durch die meldepflichtige Person darstellt." Dies deutet darauf hin, dass es sich um einen administrativen, steuerlich bedingten Verkauf handelte und nicht um eine freiwillige Veräußerung von Aktien.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Gaskins Tammi L

(Last) (First) (Middle)
C/O IRONWOOD PHARMACEUTICALS, INC.
100 SUMMER STREET, SUITE 2300

(Street)
BOSTON MA 02110

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
IRONWOOD PHARMACEUTICALS INC [ IRWD ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Commercial Officer
3. Date of Earliest Transaction (Month/Day/Year)
08/11/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 08/11/2025 S(1) 1,316 D $0.84 241,280 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. The sale reported on this Form 4 represents shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units. The sale occurred automatically to satisfy the tax withholding obligations to be funded by a sell to cover transaction and does not represent a discretionary trade by the Reporting Person.
/s/ Amir Vitale, Attorney-in-Fact 08/13/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did the Ironwood (IRWD) insider sell?

The reporting person sold 1,316 shares of Class A common stock.

Why were the IRWD shares sold by the insider?

The sale was to satisfy tax withholding obligations in connection with the vesting of restricted stock units; it was an automatic sell-to-cover.

At what price were the IRWD shares sold?

The reported sale price was $0.84 per share.

How many IRWD shares does the insider own after the sale?

After the transaction the reporting person beneficially owned 241,280 shares directly.

What is the reporting person's role at Ironwood (IRWD)?

The Form 4 lists the reporting person as an Officer with the title Chief Commercial Officer.
Ironwood

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