PACIFIC BIOSCIENCES (NASDAQ: PACB) officer sells 472,667 shares for tax withholding
Rhea-AI Filing Summary
PACIFIC BIOSCIENCES OF CALIFORNIA, INC. officer Christian O. Henry reported open-market sales of company common stock. On February 17, he sold 331,793 shares at a weighted average price of $1.576 per share. On February 18, he sold an additional 140,874 shares at a weighted average price of $1.629 per share.
After these transactions, Henry directly held 2,814,374 shares following the February 17 sale and 2,673,500 shares following the February 18 sale, all as common stock. A footnote explains that the reported shares represent stock mandatorily sold to cover tax withholding obligations related to vesting restricted stock units, and that each sale price shown is a weighted average over a disclosed price range.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 140,874 | $1.629 | $229K |
| Sale | Common Stock | 331,793 | $1.576 | $523K |
Footnotes (3)
- F1. Represents the number of shares mandatorily sold to cover tax withholding obligations in connection with the vesting of restricted stock units.
- F2. This sale price represents the weighted average sale price of the shares sold ranging from $1.51 to $1.68 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.
- F3. This sale price represents the weighted average sale price of the shares sold ranging from $1.55 to $1.70 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.
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