Maravai (MRVI) General Counsel has 39,976 shares withheld for taxes
Rhea-AI Filing Summary
Maravai Lifesciences Holdings General Counsel Kurt Oreshack reported a routine tax-withholding transaction in company stock. On the vesting of restricted stock units, 39,976 shares of Class A common stock were withheld at $3.08 per share to cover tax obligations. After this non-market disposition, he directly holds 384,991 shares of Maravai stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 39,976 shares
Net Sell
1 txn
Insider
ORESHACK KURT
Role
General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 39,976 | $3.08 | $123K |
Holdings After Transaction:
Class A Common Stock — 384,991 shares (Direct)
Footnotes (1)
- F1. Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of restricted stock unit awards held by the reporting person.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Maravai Lifesciences (MRVI) report for Kurt Oreshack?
Maravai Lifesciences reported that General Counsel Kurt Oreshack had 39,976 shares of Class A common stock withheld. These shares covered tax obligations arising from the vesting of restricted stock units, rather than an open-market sale of stock.
Was the MRVI insider transaction by Kurt Oreshack a stock sale?
No, the MRVI transaction was not an open-market sale. The 39,976 shares were withheld by the company to satisfy tax withholding obligations related to vesting restricted stock units granted to Kurt Oreshack.
What does transaction code F mean in the MRVI Form 4 filing?
In this MRVI Form 4, transaction code F indicates shares were used to pay exercise price or tax liability. Here, 39,976 shares were withheld specifically to cover tax withholding obligations tied to vesting restricted stock unit awards.