OmniAb (OABI) CFO awarded stock, sells shares for tax withholding
Rhea-AI Filing Summary
OmniAb, Inc. Executive VP, Finance and CFO Kurt A. Gustafson reported multiple equity transactions. He acquired 18,750 shares of common stock through the vesting and conversion of restricted stock units and received new awards of 60,000 RSUs and stock options for 600,000 shares.
Following these awards, he sold 9,301 shares of common stock at a weighted average price of $1.71 per share to cover tax withholding obligations under a mandatory sell-to-cover arrangement, which the company’s equity plans require rather than a discretionary trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 18,750 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 60,000 | $0.00 | -- |
| Grant/Award | Stock Option | 600,000 | $0.00 | -- |
| Exercise | Common Stock | 18,750 | $0.00 | -- |
| Sale | Common Stock | 9,301 | $1.71 | $16K |
Footnotes (1)
- Represents the vesting of an RSU grant which occurs in three substantially equal annual installments beginning on February 18, 2026 Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock. Represents the number of shares required to be sold by the reporting person to cover tax withholding obligations in connection with the vesting of RSUs. These sales are mandated by the Issuer's election under its equity incentive plans to require the satisfaction of a tax withholding obligation to be funded by a "sell-to-cover" transaction and do not represent discretionary trades by the reporting person. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.68 to $1.73. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The RSU grant vests in three substantially equal annual installments beginning on February 18, 2027. The Stock Option grant vests and is exercisable as to 12.5% of the underlying shares 6 months after the grant date, and in 42 substantially equal monthly installments thereafter.
FAQ
What insider transactions did OmniAb (OABI) report for CFO Kurt Gustafson?
Were the OmniAb (OABI) insider stock sales discretionary trades?
What new equity awards did OmniAb (OABI) grant to its CFO?
How do the new OmniAb (OABI) restricted stock units vest for the CFO?
What are the vesting terms of the OmniAb (OABI) stock options granted to the CFO?