Lyell (LYEL) COO reports tax-withholding sales totaling 185 shares at ~$10.43
Rhea-AI Filing Summary
Stephen J. Hill, Chief Operating Officer and Director of Lyell Immunopharma (LYEL), reported two small disposition transactions tied to tax withholding for vested restricted stock units. On 08/11/2025 he sold 91 shares at a weighted average price of $10.526 (sale prices ranged $10.045 to $11.00), reducing his beneficial ownership to 8,943 shares. On 08/12/2025 he sold 94 shares at a weighted average price of $10.338 (sale prices ranged $10.120 to $10.415), reducing his beneficial ownership to 8,849 shares.
The Form 4 notes the shares sold were automatically disposed to satisfy tax withholding from vested RSUs, that Hill acquired 390 shares on 05/18/2025 under the company ESPP, and that LYEL effected a 1-for-20 reverse stock split on 05/30/2025; all share figures reflect that split. The Form 4 was signed by an attorney-in-fact on 08/13/2025.
Positive
- Clear disclosure that the shares were sold to satisfy tax withholding obligations from vested RSUs
- Weighted-average sale prices and price ranges are provided for both transactions, improving transparency
- ESP purchase and reverse split are disclosed, explaining reported share counts
Negative
- None.
Insights
TL;DR: Routine insider tax-withholding sales; small position changes and clear disclosure — neutral for investors.
The reporting shows two small sales on consecutive days (91 and 94 shares) executed solely to satisfy tax withholding related to vested RSUs, with weighted-average sale prices disclosed and price ranges provided. Post-transaction beneficial ownership is reported as 8,943 and then 8,849 shares. The filing also discloses a 390-share ESPP acquisition on 05/18/2025 and a 1-for-20 reverse split on 05/30/2025; these items explain reported share counts. Given the explicit tax-withholding purpose and modest volumes, this disclosure is routine and unlikely to be material to LYEL equity valuation.
TL;DR: Transparent and standard insider reporting; demonstrates compliance with Section 16 disclosure requirements.
The Form 4 provides clear transaction codes, dates, weighted-average prices and sale price ranges, along with explanatory footnotes about tax withholding, ESPP purchases and the reverse split. The signature by an attorney-in-fact on 08/13/2025 indicates timely filing practices. From a governance perspective, this filing reflects appropriate disclosure of insider activity without revealing any new material corporate developments.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 94 | $10.338 | $971.77 |
| Sale | Common Stock | 91 | $10.526 | $957.87 |
Footnotes (1)
- Shares automatically sold to cover tax withholding obligation from settlement of vested restricted stock units. The price reported above reflects the weighted average price of the shares sold. The sale price ranged from $10.045 to $11.00 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. Includes 390 shares acquired on May 18, 2025 under the Issuer's 2021 Employee Stock Purchase Plan. On May 30, 2025, the Issuer effected a 1-for-20 reverse stock split of its common stock. All share and amounts reported herein reflect the reverse stock split. Shares automatically sold to cover tax withholding obligation from settlement of vested restricted stock units. The price reported above reflects the weighted average price of the shares sold. The sale price ranged from $10.120 to $10.415 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. On May 30, 2025, the Issuer effected a 1-for-20 reverse stock split of its common stock. All share and amounts reported herein reflect the reverse stock split.
