Myriad Genetics (MYGN) Officer Withholds 962 Shares for Taxes
Natalie Munk, Chief Accounting Officer of Myriad Genetics (MYGN), reported a disposition of common stock related to tax withholding on vested restricted stock units.
Rhea-AI Filing Summary
Natalie Munk, Chief Accounting Officer of Myriad Genetics (MYGN), reported a disposition of common stock related to tax withholding on vested restricted stock units. The Form 4 shows a sale/disposition code (F) for 962 shares at a reported price of $7.77, leaving the reporting person with 45,167 shares held directly. The filing states the withheld shares were used to satisfy tax withholding obligations tied to the vesting of restricted stock units and that the number withheld was determined using Myriad's closing stock price on September 19, 2025. The Form 4 was signed on behalf of the reporting person.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine insider withholding to cover taxes on vested restricted stock units; not a strategic sale.
This transaction is recorded as a disposition under code F, which commonly denotes shares withheld by the company to satisfy tax obligations upon RSU vesting. The amount withheld (962 shares) is small relative to the remaining direct holding (45,167 shares). There is no indication in the filing of an open-market sale or a change in company role; disclosure is consistent with standard benefit vesting administration.
TL;DR: Disclosure meets Section 16 requirements; action appears administrative rather than signaling a change in insider stance.
The narrative explanation explicitly states the shares were withheld to satisfy tax withholding tied to RSU vesting and that the withheld amount was based on the closing price on a specified date. The Form 4 identifies the reporting person as an officer and director, and the filing records direct ownership after withholding. This is a routine, administrative reporting event without additional governance implications disclosed.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 962 | $7.77 | $7K |
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 Natalie Munk report on Form 4 for MYGN?
Does the Form 4 indicate whether the transaction was an open-market sale for MYGN?
AI-generated analysis. How Rhea-AI works. Not financial advice.