Metagenomi (MGX) CFO logs automatic 1,581-share tax-withholding sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Metagenomi Therapeutics, Inc. Chief Financial Officer Pamela Wapnick reported an automatic sale of common stock related to tax withholding. On this transaction date, 1,581 shares of common stock were sold at $1.60 per share. According to the footnote, the shares were automatically sold to satisfy her tax withholding obligations upon the vesting of restricted stock units granted on April 1, 2024, and the transaction did not represent a voluntary trade. After this sale, Wapnick beneficially owned 187,375 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,581 shares ($2,530)
Net Sell
1 txn
Insider
Wapnick Pamela
Role
Chief Financial Officer
Sold
1,581 shs ($3K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,581 | $1.60 | $3K |
Holdings After Transaction:
Common Stock — 187,375 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What did Metagenomi Therapeutics (MGX) CFO Pamela Wapnick report on this Form 4?
CFO Pamela Wapnick reported an automatic sale of 1,581 Metagenomi Therapeutics common shares at $1.60 each. The sale was executed solely to cover tax withholding from vesting restricted stock units granted on April 1, 2024, rather than a discretionary stock sale.
Was the Metagenomi Therapeutics (MGX) CFO’s Form 4 trade a voluntary sale?
No, the Form 4 states the sale did not represent a volitional trade by the CFO. The 1,581 shares were automatically sold to cover required tax withholding when restricted stock units granted on April 1, 2024 vested, according to the filing’s footnote.