Tax-driven sale as Metagenomi (MGX) director Irish reports 3,737 shares sold
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Metagenomi Therapeutics director and officer Jian Irish reported an automatic share sale tied to tax withholding. On June 5, 2026, 3,737 shares of Metagenomi Therapeutics, Inc. common stock were sold at $1.299 per share to satisfy tax obligations arising from the vesting of restricted stock units granted on April 1, 2024 and April 1, 2025. The filing states this was not a voluntary trade. After the sale, she holds 377,533 shares of common stock directly, and additional shares are held indirectly through family trusts for which she reports but disclaims full beneficial ownership. A footnote also notes that her holdings include 1,500 shares acquired under the company’s employee stock purchase plan on May 29, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,737 shares ($4,854)
Net Sell
3 txns
Insider
Irish Jian
Role
See Remarks
Sold
3,737 shs ($5K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,737 | $1.299 | $5K |
| holding | Common Stock | -- | -- | -- |
| holding | Common stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 377,533 shares (Direct);
Common Stock — 292,714 shares (Indirect, By Trust);
Common stock — 292,713 shares (Indirect, By Trust)
Footnotes (1)
- These shares of common stock were automatically sold for the purpose of satisfying the Reporting Person's tax withholding obligations upon the vesting of certain restricted stock units granted to the Reporting Person on April 1, 2024 and April 1, 2025, and does not represent a volitional trade by the Reporting Person. Includes 1,500 shares acquired under the Company's employee stock purchase plan ("ESPP") on May 29, 2026. Shares held by the Bruce Irish 2023 Irrevocable Trust FBO Jian Irish. The Reporting Person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. Shares held by the Jian Irish 2023 Irrevocable Trust. The Reporting Person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
Key Figures
Shares sold: 3,737 shares
Sale price: $1.299 per share
Direct holdings after sale: 377,533 shares
+3 more
6 metrics
Shares sold
3,737 shares
Common stock sold on June 5, 2026
Sale price
$1.299 per share
Price for 3,737 common shares sold
Direct holdings after sale
377,533 shares
Common stock held directly after June 5, 2026 sale
Indirect trust holding 1
292,713 shares
Common stock held indirectly by Bruce Irish 2023 Irrevocable Trust FBO Jian Irish
Indirect trust holding 2
292,714 shares
Common stock held indirectly by Jian Irish 2023 Irrevocable Trust
ESPP shares
1,500 shares
Shares acquired under ESPP on May 29, 2026
Key Terms
restricted stock units, tax withholding obligations, employee stock purchase plan, irrevocable trust, +1 more
5 terms
restricted stock units financial
"upon the vesting of certain restricted stock units granted to the Reporting Person on April 1, 2024 and April 1, 2025"
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 obligations financial
"automatically sold for the purpose of satisfying the Reporting Person's tax withholding obligations upon the vesting"
employee stock purchase plan financial
"Includes 1,500 shares acquired under the Company's employee stock purchase plan ("ESPP") on May 29, 2026."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
irrevocable trust financial
"Shares held by the Bruce Irish 2023 Irrevocable Trust FBO Jian Irish."
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
pecuniary interest financial
"The Reporting Person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein"
FAQ
What insider transaction did Metagenomi Therapeutics (MGX) report for Jian Irish?
Metagenomi Therapeutics reported that director and officer Jian Irish had 3,737 shares of common stock sold on June 5, 2026. The sale was automatic to cover tax withholding from restricted stock unit vesting and was not a discretionary trade.
Was Jian Irish’s Metagenomi Therapeutics (MGX) stock sale a voluntary trade?
No. The filing states the 3,737 shares were automatically sold to satisfy tax withholding obligations when restricted stock units vested. It explicitly notes this does not represent a volitional trade by Jian Irish in the open market.