Myriad Genetics (NASDAQ: MYGN) COO has 1,069 shares withheld for RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Myriad Genetics Chief Operating Officer Mark Verratti reported a routine tax-withholding disposition of company stock. On April 14, 2026, 1,069 shares of Myriad Genetics common stock were withheld by the company at $4.91 per share to cover his tax obligations from previously granted restricted stock units vesting. After this withholding, Verratti directly holds 629,646 shares of Myriad Genetics common stock, indicating that the transaction represents a very small portion of his overall equity position and does not reflect an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Verratti Mark
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,069 | $4.91 | $5K |
Holdings After Transaction:
Common Stock — 629,646 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 1,069 shares
Withholding price per share: $4.91 per share
Shares held after transaction: 629,646 shares
+1 more
4 metrics
Shares withheld for taxes
1,069 shares
Common stock withheld to satisfy tax obligations on April 14, 2026
Withholding price per share
$4.91 per share
Based on MYGN closing price on April 14, 2026
Shares held after transaction
629,646 shares
Direct MYGN common stock holdings following tax-withholding disposition
Tax-withholding transactions
1 transaction, 1,069 shares
Aggregate tax-withholding activity in this Form 4
Key Terms
restricted stock units, tax withholding obligations, Common Stock, Form 4
4 terms
restricted stock units financial
"in connection with the vesting of restricted stock units previously granted"
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.
tax withholding obligations financial
"withheld by the Issuer to satisfy tax withholding obligations in connection"
Common Stock financial
"Represents shares of Common Stock withheld by the Issuer to satisfy"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did MYGN COO Mark Verratti report on this Form 4?
Mark Verratti reported a tax-withholding disposition of 1,069 Myriad Genetics shares. These shares were withheld by the company to satisfy tax obligations related to vesting restricted stock units, rather than sold by Verratti in the open market.
Was the MYGN Form 4 transaction an open-market sale by Mark Verratti?
No, the transaction was not an open-market sale. The shares were withheld by Myriad Genetics to cover Verratti’s tax obligations upon vesting of restricted stock units, a common administrative mechanism rather than a discretionary sale of shares.
What triggered the tax-withholding disposition reported by MYGN’s COO?
The disposition was triggered by the vesting of restricted stock units previously granted to Mark Verratti. When these units vested, Myriad Genetics withheld 1,069 shares to satisfy related tax withholding obligations, as described in the Form 4 footnote.