MapLight (MPLT) CFO reports tax withholding on RSU settlement
Rhea-AI Filing Summary
MapLight Therapeutics Chief Financial Officer reports routine tax-related share withholding. On January 27, 2026, 33,382 shares of voting common stock were withheld by the company at $17.98 per share to cover tax obligations tied to a restricted stock unit settlement.
After this transaction, the CFO beneficially owned 387,819 shares directly. The remaining securities are still subject to a lock-up agreement linked 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
Net Seller: 33,382 shares
Net Sell
1 txn
Insider
Setia Vishwas
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Voting Common Stock | 33,382 | $17.98 | $600K |
Holdings After Transaction:
Voting Common Stock — 387,819 shares (Direct)
Footnotes (1)
- F1. Represents the number of shares withheld by the Issuer to satisfy tax withholding obligations in connection with the settlement of a restricted stock unit award. 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 MapLight Therapeutics (MPLT) report in this Form 4?
MapLight Therapeutics reported its Chief Financial Officer had 33,382 shares of voting common stock withheld on January 27, 2026. These shares were retained by the issuer to satisfy tax withholding obligations related to the settlement of a restricted stock unit award.
Is the MapLight (MPLT) CFO still under an IPO lock-up agreement?
Yes. The securities retained by the CFO remain subject to a lock-up agreement with the IPO underwriters. The agreement generally restricts selling or transferring issuer securities for 180 days after the final IPO prospectus dated October 26, 2025, subject to specified exceptions.
Does this MapLight (MPLT) Form 4 indicate an open-market sale by the CFO?
No. The transaction is coded as tax withholding, where 33,382 shares were retained by the issuer to satisfy tax obligations. The explanation clarifies this was related to a restricted stock unit settlement, not a discretionary open-market sale of shares by the CFO.
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