Automatic RSU withholding sales at ~$10.34; Lynn retains 34,828 LYEL shares
Rhea-AI Filing Summary
Lyell Immunopharma President and CEO Seely Lynn reported automatic sales of vested restricted stock units to satisfy tax withholding. The Form 4 shows 391 shares sold on 08/11/2025 at a weighted average price of $10.526 (range $10.045–$11.00) and 406 shares sold on 08/12/2025 at a weighted average price of $10.338 (range $10.120–$10.415).
All share amounts reflect a 1-for-20 reverse stock split effected on 05/30/2025. Following the reported transactions, the filing lists direct beneficial ownership of 35,234 shares after the first sale and 34,828 shares after the second; the sales are described as automatic to cover tax withholding on vested RSUs.
Positive
- Sales were automatic to cover tax withholding from vested restricted stock units, indicating non-discretionary disposition.
- Reporting person retained a material direct holding after the transactions (reported as 34,828 shares following the second sale).
Negative
- Director and CEO sold shares (391 and 406 shares reported), reducing direct holdings.
- Sales occurred at varied prices (ranges reported up to $11.00 and down to $10.045), reflecting partial execution across price points.
Insights
TL;DR: Routine, non-discretionary insider sales to cover RSU tax withholding; not a material change in ownership.
The transactions are reported as automatic dispositions to satisfy tax withholding from vested restricted stock units, totaling 797 shares across two dates with weighted average sale prices of $10.526 and $10.338. The reporting person remains the company's President and CEO and retains direct holdings reported as 34,828 shares after the second sale. Given the stated purpose (tax withholding) and the modest size of the sales relative to total outstanding shares implied by the filing, these items are routine disclosures rather than strategic liquidity moves. Impact: not impactful to valuation but relevant for transparency.
TL;DR: Disclosure appears compliant and routine—automatic RSU withholding sales were reported on Form 4 with required detail.
The Form 4 details automated sales associated with RSU settlement and provides weighted average price ranges and post-transaction beneficial ownership figures. The filing also notes a recent 1-for-20 reverse stock split, and the explanations specify the withheld-share purpose. From a governance and disclosure perspective, the document furnishes the necessary transaction codes, quantities, price ranges, and ownership form (direct), supporting regulatory transparency. Impact: not impactful but procedurally important for compliance.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 406 | $10.338 | $4K |
| Sale | Common Stock | 391 | $10.526 | $4K |
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. 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.
