Lyell Immunopharma (LYEL) CEO sells shares to cover RSU tax withholding
Rhea-AI Filing Summary
Lyell Immunopharma, Inc. President and CEO Lynn Seely reported an automatic sale of 390 shares of common stock on 2026-08-10 to cover a tax withholding obligation from vested restricted stock units. The shares were sold at a weighted average price of $14.34 per share, within a range of $14.22–$14.34, leaving 73,488 shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 390 shares
Net Sell
1 txn
Insider
Seely Lynn
Role
President and CEO
Sold
390 shs ($6K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 390 | $14.34 | $6K |
Holdings After Transaction:
Common Stock — 73,488 shares (Direct)
Footnotes (2)
- F1. Shares automatically sold to cover tax withholding obligation from settlement of vested restricted stock units.
- F2. The price reported above reflects the weighted average price of the shares sold. The sale price ranged from $14.22 to $14.34 per share. Upon request from the SEC staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
Key Figures
Shares sold: 390 shares
Weighted average sale price: $14.34 per share
Sale price range: $14.22–$14.34 per share
+1 more
4 metrics
Shares sold
390 shares
Common stock sold on 2026-08-10 to cover tax withholding
Weighted average sale price
$14.34 per share
Automatic sale to satisfy tax withholding from RSU settlement
Sale price range
$14.22–$14.34 per share
Price range of individual trades within the reported transaction
Shares owned after transaction
73,488 shares
Directly held common stock following the August 10, 2026 sale
Key Terms
restricted stock units, tax withholding obligation, weighted average price
3 terms
restricted stock units financial
"from settlement of vested restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligation financial
"sold to cover tax withholding obligation from settlement"
weighted average price financial
"reflects the weighted average price of the shares sold"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
FAQ
What insider transaction did Lyell Immunopharma (LYEL) disclose for its CEO?
Lyell Immunopharma disclosed that President and CEO Lynn Seely automatically sold 390 shares of common stock on 2026-08-10 to cover tax withholding arising from vested restricted stock units, a routine administrative transaction.
Was the LYEL CEO’s August 10, 2026 sale part of a 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirmative, and the footnotes describe the sale as automatic to cover tax withholding from restricted stock unit settlement, not as a 10b5-1 trading plan trade.
What is the nature of the LYEL CEO’s August 2026 stock sale?
The August 2026 transaction is described as shares automatically sold to cover tax withholding obligations triggered by settlement of vested restricted stock units, indicating an administrative tax-related sale rather than a discretionary open-market liquidation.
AI-generated analysis. How Rhea-AI works. Not financial advice.