MapLight CFO sells 2,922 shares of MPLT stock
MapLight Therapeutics Chief Financial Officer Vishwas Setia reported open-market sales of Voting Common Stock primarily to cover taxes on restricted stock unit vesting.
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Form Type
4
Rhea-AI Filing Summary
MapLight Therapeutics Chief Financial Officer Vishwas Setia reported open-market sales of Voting Common Stock primarily to cover taxes on restricted stock unit vesting. Across three transactions on April 15–16, he sold a total of 2,922 shares at weighted average prices around $26.87–$27.49. The sales included shares required to satisfy statutory tax withholding obligations. After these transactions, he directly owned 392,627 shares of Voting Common Stock, indicating he retained the vast majority of his equity position.
Insider Trade Summary
Net Seller: 2,922 shares
Net Sell
3 txns
Insider
Setia Vishwas
Role
Chief Financial Officer
Sold
2,922 shs ($79K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Voting Common Stock | 29 | $27.01 | $783.29 |
| Sale | Voting Common Stock | 87 | $27.49 | $2K |
| Sale | Voting Common Stock | 2,806 | $26.87 | $75K |
Holdings After Transaction:
Voting Common Stock — 392,627 shares (Direct)
Footnotes (4)
- F1. Represents the number of shares required to be sold to cover the statutory tax withholding obligations in connection with the vesting of the restricted stock units.
- F2. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.33 to $27.29 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2), (3) and (4).
- F3. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.2201 to $27.2197 inclusive.
- F4. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.22 to $27.9898 inclusive.
Key Figures
Total shares sold: 2,922 shares
Shares sold at $26.87: 2,806 shares
Shares sold at $27.01: 29 shares
+5 more
8 metrics
Total shares sold
2,922 shares
Net open-market sales reported on April 15–16
Shares sold at $26.87
2,806 shares
Open-market sale of Voting Common Stock on April 15
Shares sold at $27.01
29 shares
Open-market sale of Voting Common Stock on April 16
Shares sold at $27.49
87 shares
Open-market sale of Voting Common Stock on April 16
Shares held after final sale
392,627 shares
Direct ownership of Voting Common Stock following April 16 trades
Price range (footnote F2)
$26.33–$27.29
Weighted average sale range for one transaction group
Price range (footnote F3)
$26.2201–$27.2197
Weighted average sale range for another transaction group
Price range (footnote F4)
$27.22–$27.9898
Weighted average sale range for final transaction group
Key Terms
restricted stock units, statutory tax withholding obligations, weighted average price, Voting Common Stock, +1 more
5 terms
restricted stock units financial
"in connection with the vesting of the restricted stock units"
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.
statutory tax withholding obligations financial
"shares required to be sold to cover the statutory tax withholding obligations"
weighted average price financial
"The price reported is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Voting Common Stock financial
"security_title": "Voting Common Stock""
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did MapLight Therapeutics (MPLT) report for Vishwas Setia?
MapLight Therapeutics reported that CFO Vishwas Setia sold 2,922 shares of Voting Common Stock in three open-market transactions. These trades occurred on April 15–16 and were primarily linked to covering statutory tax withholding obligations related to restricted stock unit vesting.
Were the MapLight Therapeutics (MPLT) insider sales single trades or multiple transactions?
Each reported line reflects weighted average prices for multiple underlying trades within specific price ranges. Footnotes explain that shares were sold in numerous transactions, and the CFO undertakes to provide detailed per-trade information upon request to the company, shareholders, or SEC staff.
AI-generated analysis. How Rhea-AI works. Not financial advice.
