Myriad Genetics (MYGN) Form 4: COO Withholds 1,085 Shares for Taxes
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.
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.
Positive
- None.
Negative
- None.
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,085 | $7.77 | $8K |
Footnotes (1)
- F1. Represents shares withheld by the Company to satisfy tax withholding obligations in connection with the vesting of restricted stock units granted to the reporting person. The number of shares of Myriad common stock withheld was determined based on the closing price of Myriad common stock on September 19, 2025.
FAQ
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What transaction did Myriad Genetics COO Mark Verratti report on Form 4 (MYGN)?
When was the Form 4 for Mark Verratti filed/signed?
AI-generated analysis. How Rhea-AI works. Not financial advice.