Karyopharm (KPTI) CEO executes automatic 12,361-share sale to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
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 ($116,311)
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)
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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.