Insider Filing: Wassil Jim Transfers 1,663 PCVX Shares After RSU Tax Withholding
Rhea-AI Filing Summary
Vaxcyte, Inc. (PCVX) insider change: Chief Operating Officer Wassil Jim reported transactions dated 09/08/2025 showing a disposition of 2,759 shares of common stock at $32.41 per share, recorded as surrendered shares to cover tax withholding on vested restricted stock units. After the reported transactions, the filing states the reporting person beneficially owned 141,848 shares. The filing also discloses a separate transfer: on 09/09/2025 the reporting person transferred 1,663 shares to an ex-spouse under a divorce settlement reflected as a domestic relations order, and those transferred shares will not be reported as beneficially owned in future Section 16 filings.
Positive
- Disclosure compliance: The Form 4 provides clear detail on the RSU tax-withholding surrender and the domestic relations transfer, supporting regulatory transparency.
- Complete ownership reporting: Post-transaction beneficial ownership (141,848 shares) is stated, aiding investor clarity.
Negative
- Insider disposition: The reporting person disposed of 2,759 shares via surrender to cover taxes, reducing direct holdings.
- Ownership reduced by domestic relations transfer: 1,663 shares were transferred to an ex-spouse and will no longer be reported as beneficially owned.
Insights
TL;DR: Routine Section 16 disclosure showing share surrender for tax withholding and a domestic-relations transfer; governance and reporting appear compliant.
The Form 4 reports a common pattern where vested RSUs were used to satisfy tax withholding obligations, evidenced by the surrender of 2,759 shares at $32.41. Such transactions are generally administrative and not indicative of company-level operational changes. The additional transfer of 1,663 shares to an ex-spouse pursuant to a domestic relations order is a personal matter that reduces the reporting person’s beneficial ownership and is appropriately disclosed to maintain Section 16 transparency. Documentation appears to follow filing requirements and includes an attorney-in-fact signature.
TL;DR: Disclosure is clear and timely for insider dispositions; transactions are procedural rather than material to investors.
The filing lists transaction date 09/08/2025 and a post-transaction beneficial ownership of 141,848 shares. The code 'F' indicates a sale to cover tax withholding on RSU vesting, a common internal action. The separate transfer on 09/09/2025 under a domestic relations order was disclosed in the explanation, satisfying Section 16(a)(12) notice obligations. From a compliance perspective, the form contains the required details and signature through an attorney-in-fact, reducing regulatory risk of incomplete insider reporting.