Lexicon (NASDAQ: LXRX) SVP exercises RSUs and withholds shares for taxes
Rhea-AI Filing Summary
LEXICON PHARMACEUTICALS SVP and General Counsel Brian T. Crum reported multiple exercises of restricted stock units into common stock on February 28, 2026. These were non-cash conversions at $0.00 per share, increasing his directly held common shares. The company also withheld 105,019 common shares at $1.47 per share to cover tax obligations related to the equity awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 167,987 shares
Net Buy
7 txns
Insider
Crum Brian T
Role
SVP, General Counsel & Secr.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 69,386 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 33,457 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 170,163 | $0.00 | $0.00 |
| Exercise | Common Stock | 33,457 | $0.00 | $0.00 |
| Exercise | Common Stock | 69,386 | $0.00 | $0.00 |
| Exercise | Common Stock | 170,163 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 105,019 | $1.47 | $154K |
Holdings After Transaction:
Restricted Stock Units — 409,714 shares (Direct);
Common Stock — 428,802 shares (Direct)
Footnotes (3)
- F1. Each restricted stock unit represents a contingent right to receive one share of common stock.
- F2. Withholding of a portion of issued shares by the Company in satisfaction of shareholder's tax withholding obligations with respect thereto.
- F3. Restricted stock units vest with respect to 1/3 of the shares subject to the restricted stock units on February 28 of each of the three years following the year of grant.
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FAQ
What insider transactions did LXRX executive Brian T. Crum report?
Brian T. Crum reported several exercises of restricted stock units into common stock on February 28, 2026. These derivative exercises converted RSUs at $0.00 per share into directly held common shares, reflecting equity award vesting rather than open-market purchases.
Were the Lexicon (LXRX) transactions open-market buys or sells?
The transactions were not open-market buys or sells. They were exercises of restricted stock units into common stock at $0.00 per share, plus a share disposition labeled as tax withholding, where the company withheld shares to satisfy Crum’s tax obligations.
How many LXRX insider transactions were acquisitions versus dispositions?
The Form 4 summarizes six acquisition-type transactions and one disposition. The acquisitions reflect derivative exercises or conversions of restricted stock units into common stock, while the single disposition involved shares withheld by the company to cover tax liabilities tied to those equity awards.
Does the LXRX Form 4 indicate changes in Brian T. Crum’s ownership type?
The filing indicates Crum’s ownership remains direct for all reported securities. Both the restricted stock units and the resulting common stock are listed as directly owned, with no footnotes stating that voting or investment authority is held by another entity or person.
What are restricted stock units in the context of LXRX’s Form 4?
Each restricted stock unit represents a contingent right to receive one share of Lexicon common stock. According to the footnotes, these RSUs vest in three equal annual installments on February 28 of each of the three years following the year in which they were granted.