MYGN Insider Filing: Mark Verratti Withholds 1,085 Shares After RSU Vesting
Rhea-AI Filing Summary
Myriad Genetics insider transaction summary: Chief Operating Officer Mark Verratti reported a compensatory disposition on 09/21/2025 where 1,085 shares of Myriad common stock were disposed of at an average price of $7.77 per share. The filing explains these shares were withheld by the company to satisfy tax-withholding obligations related to the vesting of restricted stock units. After the withholding, Verratti beneficially owns 381,826 shares directly. The Form 4 was signed on 09/22/2025 and indicates a routine tax-related transaction following equity vesting.
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Insights
TL;DR: Routine tax-withholding sale by an officer; modest in size relative to reported holdings, limited market impact.
The transaction is labeled as a compensatory disposition tied to RSU vesting and the accompanying explanation confirms shares were withheld to meet tax obligations. The disposed amount (1,085 shares at $7.77) is small relative to the officer's retained position of 381,826 shares, suggesting this is administrative rather than a discretionary cash sale. For investors, this type of Form 4 typically signals no change in insider conviction beyond normal equity compensation mechanics.
TL;DR: Administrative withholding after RSU vesting; disclosure is timely and follows Section 16 reporting norms.
The filing is straightforward: it identifies the reporting person, relationship (COO), transaction code, and provides an explanation that withholding was based on the closing price on September 19, 2025. The timely Form 4 and explicit remark about tax-withholding satisfy transparency expectations for insider compensation events. There is no indication of unusual trading patterns or coordinated filings.