Karyopharm (KPTI) CEO executes automatic 12,361-share sale to cover RSU taxes
Rhea-AI Filing Summary
Karyopharm Therapeutics Inc. President and CEO Richard A. Paulson reported an automatic sale of common stock under a pre-established durable automatic sale instruction plan. On this transaction date, he sold 12,361 shares of common stock at an average price of $9.4095 per share in a broker-assisted transaction to satisfy withholding tax obligations arising from the vesting of restricted stock units. Following this tax-related, non-discretionary sale, he continued to hold 267,030 shares of Karyopharm Therapeutics common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 12,361 shares
Net Sell
1 txn
Insider
Paulson Richard A.
Role
President and CEO
Sold
12,361 shs ($116K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 12,361 | $9.4095 | $116K |
Holdings After Transaction:
Common Stock — 267,030 shares (Direct)
Footnotes (1)
- F1. This transaction was effected pursuant to a durable automatic sale instruction plan adopted by the reporting person on June 10, 2021, and represents a broker-assisted sale of shares to satisfy the payment of withholding tax liability incurred upon the vesting of restricted stock units. The sale does not represent a discretionary trade by the reporting person.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Karyopharm Therapeutics (KPTI) CEO Richard Paulson report in this Form 4?
Richard Paulson reported an automatic sale of 12,361 Karyopharm Therapeutics common shares. The broker-assisted sale was executed under a durable automatic sale instruction plan and was used to cover withholding taxes from vesting restricted stock units, rather than a discretionary open-market trade.
Was the Karyopharm Therapeutics (KPTI) insider trade part of a planned program?
Yes. The transaction was executed pursuant to a durable automatic sale instruction plan adopted on June 10, 2021. The filing states the sale was broker-assisted, used for tax withholding, and did not constitute a discretionary trade by the CEO.