PACIFIC BIOSCIENCES (PACB) officer sale covers RSU tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PACIFIC BIOSCIENCES OF CALIFORNIA, INC. officer Mark Van Oene reported an open-market sale of 6,504 shares of common stock at a weighted average price of $1.514 per share. The shares were mandatorily sold to cover tax withholding obligations from vesting restricted stock units, leaving him with 2,243,634 shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 6,504 shares ($9,847)
Net Sell
1 txn
Insider
Van Oene Mark
Role
See Remarks
Sold
6,504 shs ($10K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 6,504 | $1.514 | $10K |
Holdings After Transaction:
Common Stock — 2,243,634 shares (Direct)
Footnotes (1)
- Represents the number of shares mandatorily sold to cover tax withholding obligations in connection with the vesting of restricted stock units. This sale price represents the weighted average sale price of the shares sold ranging from $1.49 to $1.56 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. Includes 7,500 shares purchased on March 2, 2026 under the Company's 2010 Employee Stock Purchase Plan.
FAQ
What insider transaction did PACB officer Mark Van Oene report?
Mark Van Oene reported selling 6,504 shares of PACB common stock in an open-market transaction. The sale was mandated to cover tax withholding obligations related to the vesting of restricted stock units, according to the filing footnotes.
What does transaction code “S” mean in PACB Mark Van Oene’s Form 4?
Transaction code “S” indicates a sale of non-derivative securities, here an open-market transaction. In this case, the filing clarifies the sale was to cover tax withholding on vested restricted stock units, which explains the reason for disposing of the shares.
Was the PACB insider transaction by Mark Van Oene a direct or indirect holding change?
The transaction involved directly held PACB common stock, marked as direct ownership in the filing. The reporting person retains direct ownership of 2,243,634 shares following the mandatory tax-withholding sale described in the Form 4 disclosure.