Longeveron (NASDAQ: LGVN) CEO logs RSU tax share withholding in Form 4
Rhea-AI Filing Summary
Longeveron Inc. Chief Executive Officer James Nathaniel Powell reported a routine tax-related transaction in the company’s Class A common stock. On 01/02/2026, 2,464 shares were withheld at a price of $0.593 per share to satisfy tax obligations arising from the vesting of a restricted stock unit (RSU) award.
After this withholding, Powell beneficially owned 125,593 shares of Longeveron Class A common stock on a direct basis, which includes RSUs that remain subject to future vesting.
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FAQ
What insider transaction did LGVN CEO James Nathaniel Powell report?
James Nathaniel Powell, Chief Executive Officer of Longeveron Inc. (LGVN), reported a tax-related transaction in Class A common stock on 01/02/2026. The event involved shares withheld in connection with the vesting of a restricted stock unit (RSU) award.
How many Longeveron (LGVN) shares were involved in the CEO’s Form 4 filing?
The filing shows that 2,464 shares of Longeveron Class A common stock were withheld on 01/02/2026 to cover tax obligations associated with RSU vesting.
What price per share was used for the LGVN shares withheld for taxes?
The shares of Longeveron Class A common stock were valued at $0.593 per share for the tax withholding transaction reported by CEO James Nathaniel Powell.
How many Longeveron Class A shares does the CEO own after this transaction?
Following the reported tax withholding, James Nathaniel Powell beneficially owned 125,593 shares of Longeveron Class A common stock directly, including RSUs that are still subject to future vesting.
Was the LGVN CEO’s transaction a sale on the open market?
No. The Form 4 indicates a transaction code "F", which reflects shares withheld to satisfy tax obligations in connection with the vesting of an RSU award, rather than an open-market sale.
What do the footnotes in the LGVN Form 4 explain about the CEO’s shares?
The footnotes state that the 2,464 shares were withheld to satisfy tax obligations for RSU vesting and clarify that the CEO’s reported holdings include RSUs subject to future vesting.