MaxCyte (MXCT) CFO covers RSU tax withholding through automatic share sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MAXCYTE, INC. Chief Financial Officer Douglas J. Swirsky reported an open-market sale of 10,142 shares of common stock at a weighted average price of $0.815 per share. The shares were sold automatically to cover tax withholding due upon the vesting of previously granted RSUs, and are described as a non-discretionary “sale to cover” transaction. After this sale, Swirsky directly holds 151,669 shares of MaxCyte common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 10,142 shares ($8,266)
Net Sell
1 txn
Insider
Swirsky Douglas J
Role
CHIEF FINANCIAL OFFICER
Sold
10,142 shs ($8K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 10,142 | $0.815 | $8K |
Holdings After Transaction:
Common Stock — 151,669 shares (Direct)
Footnotes (1)
- These shares were sold to cover tax withholding due upon vesting of previously granted restricted stock units ("RSUs"). Such "sale to cover" was automatically effected to satisfy tax withholding obligations and does not represent a discretionary trade by the Reporting Person. The price reported in Column 4 is a weighted average price of all shares sold on the transaction date by the Issuer's broker to cover taxes upon the vesting of RSUs for certain employees of the Issuer, including the Reporting Person. These shares were sold in multiple transactions at prices ranging from $0.783 to $0.825, 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 range set forth in this footnote.
FAQ
What insider transaction did MaxCyte (MXCT) report for its CFO?
MaxCyte reported that CFO Douglas J. Swirsky sold 10,142 shares of common stock. The transaction was an automatic “sale to cover” tax withholding arising from the vesting of previously granted restricted stock units, rather than a discretionary decision to reduce his investment position.