Karyopharm (KPTI) EVP executes automatic share sale for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Karyopharm Therapeutics Inc. executive Reshma Rangwala, EVP & Chief Medical Officer, reported an open-market sale of 5,066 shares of common stock at an average price of $9.4095 per share. After this transaction, she held 56,739 shares directly.
According to the disclosure, the sale was executed under a pre-established durable automatic sale instruction plan adopted on April 4, 2022. The shares were sold by a broker to cover withholding tax obligations arising from the vesting of restricted stock units, and the filing states that the transaction did not represent a discretionary trade by the reporting person.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,066 shares ($47,669)
Net Sell
1 txn
Insider
Rangwala Reshma
Role
EVP & Chief Medical Officer
Sold
5,066 shs ($48K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,066 | $9.4095 | $48K |
Holdings After Transaction:
Common Stock — 56,739 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Karyopharm Therapeutics (KPTI) report for Reshma Rangwala?
Karyopharm Therapeutics reported that EVP & Chief Medical Officer Reshma Rangwala sold 5,066 shares of common stock. The sale was executed at an average price of $9.4095 per share and was tied to tax withholding on vested restricted stock units.
Was the KPTI insider stock sale by Reshma Rangwala a discretionary trade?
No, the filing states the sale was not a discretionary trade. It was executed under a durable automatic sale instruction plan adopted on April 4, 2022, specifically to cover withholding tax liabilities from the vesting of restricted stock units.
What plan governed the KPTI insider sale reported for Reshma Rangwala?
The transaction was carried out under a durable automatic sale instruction plan adopted by Reshma Rangwala on April 4, 2022. The plan authorized broker-assisted sales to cover tax withholding obligations when her restricted stock units vest.