Karyopharm EVP sells shares to cover tax
Karyopharm Therapeutics Inc. executive Stuart Poulton, EVP and Chief Development Officer, reported an automatic sale of common stock to cover taxes tied to restricted stock units that vested.
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Rhea-AI Filing Summary
Karyopharm Therapeutics Inc. executive Stuart Poulton, EVP and Chief Development Officer, reported an automatic sale of common stock to cover taxes tied to restricted stock units that vested. On this transaction date, he sold 5,101 shares in an open-market sale at an average price of $9.4095 per share under a durable automatic sale instruction plan adopted on May 18, 2022. The filing states this broker-assisted sale was executed to satisfy withholding tax liabilities and did not represent a discretionary trade by Poulton. Following the sale, he directly held 94,328 shares of Karyopharm common stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,101 | $9.4095 | $48K |
Footnotes (1)
- F1. This transaction was effected pursuant to a durable automatic sale instruction plan adopted by the reporting person on May 18, 2022, 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.
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What insider transaction did Karyopharm (KPTI) report for Stuart Poulton?
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