Metagenomi Therapeutics (NASDAQ: MGX) CFO has shares sold to cover taxes
Rhea-AI Filing Summary
Metagenomi Therapeutics, Inc. reported that Chief Financial Officer Pamela Wapnick had 2,884 shares of common stock sold at $1.299 per share. According to the footnote, these shares were automatically sold to cover tax withholding on vested restricted stock units and were not a discretionary trade. Following the transaction, she directly holds 208,491 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,884 shares ($3,746)
Net Sell
1 txn
Insider
Wapnick Pamela
Role
Chief Financial Officer
Sold
2,884 shs ($4K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,884 | $1.299 | $4K |
Holdings After Transaction:
Common Stock — 208,491 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 2,884 shares
Sale price: $1.299 per share
Shares held after: 208,491 shares
+1 more
4 metrics
Shares sold
2,884 shares
Common stock automatically sold on 2026-06-05
Sale price
$1.299 per share
Price for the 2,884 common shares sold
Shares held after
208,491 shares
Direct ownership following the transaction
Net shares sold
2,884 shares
Net-sell per transaction summary
Key Terms
restricted stock units, tax withholding obligations, open-market sale
3 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 of certain restricted stock units"
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Metagenomi Therapeutics (MGX) disclose in this Form 4 for its CFO?
Metagenomi Therapeutics reported that CFO Pamela Wapnick had 2,884 common shares sold at $1.299 each. The filing explains the sale was automatic to satisfy tax withholding on vested restricted stock units, not a discretionary market trade.
Was the Metagenomi (MGX) CFO’s Form 4 transaction a voluntary stock sale?
No, the Form 4 states the shares were automatically sold to meet tax withholding obligations from RSU vesting. The footnote clarifies it does not represent a volitional trade by Chief Financial Officer Pamela Wapnick in the open market.