MapLight (MPLT) officer uses share withholding to cover RSU tax bill
Rhea-AI Filing Summary
MapLight Therapeutics officer Jonathan Gillis, who serves as CAAO and PAO, reported a tax-related share withholding on January 27, 2026. The transaction involved 22,050 shares of Voting Common Stock (code F) at $17.98 per share, used to satisfy tax withholding on restricted stock unit settlements.
Following this withholding, Gillis beneficially owned 248,503 shares directly. The remaining securities he holds are still subject to a lock-up agreement related to MapLight’s initial public offering, restricting most transfers for 180 days after the final prospectus dated October 26, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Voting Common Stock | 22,050 | $17.98 | $396K |
Footnotes (1)
- F1. Represents the number of shares withheld by the Issuer to satisfy tax withholding obligations in connection with the settlement of restricted stock unit awards. The securities of the Issuer retained by the Reporting Person remain subject to the terms a lock-up agreement entered into with the underwriters for the Issuer's initial public offering, pursuant to which the Reporting Person agreed, subject to certain exceptions, not to directly or indirectly sell or otherwise transfer securities of the Issuer for a period of 180 days following the date of the final prospectus relating to the initial public offering, which was October 26, 2025.
FAQ
What insider transaction did MPLT officer Jonathan Gillis report?
Jonathan Gillis reported a tax-related withholding of 22,050 shares of MapLight Therapeutics Voting Common Stock. These shares were withheld by the company to cover tax obligations from restricted stock unit settlements, rather than representing an open-market sale by the officer.
What does transaction code F mean in the MPLT Form 4 filing?
Transaction code F indicates shares were withheld to pay taxes on an equity award, not sold on the market. In this case, 22,050 shares of MapLight Voting Common Stock were retained by the issuer to satisfy Gillis’s tax withholding obligations.
Is the MPLT insider transaction part of the IPO lock-up restrictions?
The filing states retained securities remain subject to a lock-up agreement tied to MapLight’s initial public offering. Under this agreement, Gillis agreed not to directly or indirectly sell or transfer most securities for 180 days after the final prospectus dated October 26, 2025.
Who is the insider involved in this MPLT Form 4 and what is his role?
The reporting person is Jonathan Gillis, an officer of MapLight Therapeutics, Inc. listed with the title CAAO and PAO. He filed the Form 4 as a single reporting person for a tax-withholding transaction involving company Voting Common Stock.
Did the MPLT Form 4 report any derivative securities transactions?
The provided Form 4 details a non-derivative transaction in Voting Common Stock only. While the form includes a table structure for derivative securities, no specific derivative security acquisitions or dispositions are reported in the excerpted transaction data.
AI-generated analysis. How Rhea-AI works. Not financial advice.