NovoCure (NVCR) COO has 2,133 shares withheld for RSU taxes
Rhea-AI Filing Summary
NovoCure Ltd’s Chief Operating Officer, Paravasthu Mukund, reported an automatic share withholding related to equity compensation. On 01/11/2026, 2,133 ordinary shares were withheld by the company at a price of $14.35 per share to cover tax obligations arising from the vesting of Restricted Stock Units.
After this non-discretionary tax-withholding transaction, Mukund beneficially owns 78,306 ordinary shares directly. The withholding was approved as required under Rules 16b-3(e) and 16b-3(d)(1), and reflects routine tax handling of vested stock-based awards rather than an open-market sale.
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FAQ
What insider transaction did NovoCure (NVCR) report for Paravasthu Mukund?
NovoCure’s Chief Operating Officer, Paravasthu Mukund, reported an automatic withholding of 2,133 ordinary shares on 01/11/2026 to cover tax obligations from vesting Restricted Stock Units.
Was the NVCR COO’s Form 4 transaction a discretionary share sale?
No. The Form 4 states that the 2,133 shares represent shares required to be withheld by the issuer to satisfy tax withholding on vested Restricted Stock Units, and that the transaction is not discretionary.
At what price were NovoCure (NVCR) shares withheld for taxes?
The tax-withholding transaction for COO Paravasthu Mukund used a price of $14.35 per share for the 2,133 ordinary shares withheld.
How many NovoCure (NVCR) shares does the COO hold after this Form 4 transaction?
Following the reported tax-withholding transaction, Paravasthu Mukund beneficially owns 78,306 ordinary shares of NovoCure Ltd, held directly.
What is the role of the reporting person in this NovoCure (NVCR) Form 4 filing?
The reporting person, Paravasthu Mukund, is identified as an officer of NovoCure Ltd, serving as Chief Operating Officer, and is neither a director nor a 10% owner.
How is the RSU vesting transaction for NovoCure (NVCR) classified on Form 4?
The RSU-related tax withholding is coded as transaction “F” for Ordinary Shares in Table I, indicating shares withheld by the issuer to pay taxes upon vesting of equity awards.