MYGN Insider Report: Chief Legal Officer Withheld 4,435 Shares for Tax
Rhea-AI Filing Summary
Jennifer Lynne Fox, identified as Chief Legal Officer and a director of Myriad Genetics, reported a transaction dated 09/03/2025 on Form 4. The filing shows 4,435 shares of Myriad common stock were withheld at a price of $6.80 per share to satisfy tax withholding obligations related to the vesting of restricted stock units. After the withholding, the reporting person beneficially owned 120,481 shares directly. The form was signed on behalf of the reporting person by Justin Hunter on 09/04/2025.
Positive
- Compliance: The filing documents tax-withholding tied to RSU vesting, showing adherence to reporting requirements.
- Transparency: The report discloses the exact number of shares withheld and the post-transaction beneficial ownership.
Negative
- None.
Insights
TL;DR: Routine tax-withholding on vested restricted stock units; consistent with standard executive compensation mechanics.
The Form 4 documents a withholding of 4,435 shares to cover tax obligations arising from RSU vesting. This is an administrative action rather than an open-market sale and does not indicate a change in company control or new disposition strategy. The reporting person remains a significant direct holder with 120,481 shares after the withholding.
TL;DR: Transaction is non-dispositive and unlikely to be material to investors given its size relative to total holding.
The code F transaction reflects shares withheld by the issuer for tax purposes at $6.80 per share. Such withholdings accompany RSU vesting and reduce the reported share count without an open-market trade. No derivative activity or additional transfers are disclosed in this filing.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 4,435 | $6.80 | $30K |
Footnotes (1)
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