Vaxcyte (PCVX) CEO reports 100,000-share transfer to an irrevocable trust
Rhea-AI Filing Summary
Vaxcyte, Inc. director and CEO Grant Pickering reported an internal share transfer involving company common stock. On January 14, 2026, an entity associated with him transferred 100,000 shares of common stock to an irrevocable trust for estate planning purposes, with a reported price of $0 per share, indicating this was not an open‑market sale. The footnote explains that he no longer has a pecuniary interest in those shares and therefore disclaims beneficial ownership.
Following the transaction, 400,908 common shares are reported as directly owned. In addition, 136,215 common shares are held by a trust for the benefit of his son and another 136,215 common shares are held by a trust for the benefit of his daughter, both reported as indirectly owned through children’s trusts.
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FAQ
What insider transaction did Vaxcyte (PCVX) report for Grant Pickering?
The filing reports the transfer of 100,000 shares of Vaxcyte common stock on January 14, 2026 to an irrevocable trust, coded as a G transaction (a transfer).
Was the 100,000-share Vaxcyte transfer by the CEO a market sale?
The transaction shows a price of $0 per share and is described as a transfer to an irrevocable trust for estate planning, indicating it was not an open‑market sale.
Does Grant Pickering still have an economic interest in the 100,000 Vaxcyte shares?
The footnote states that, after the transfer to the irrevocable trust, the reporting person no longer has a pecuniary interest in those shares and disclaims beneficial ownership.
How many Vaxcyte shares does Grant Pickering report owning after the transaction?
After the reported transfer, 400,908 common shares are listed as directly owned. Additionally, 136,215 shares are held by a trust for his son and 136,215 shares by a trust for his daughter, reported as indirect ownership.
What is the relationship of Grant Pickering to Vaxcyte, Inc.?
Grant Pickering is reported as both a director and an officer of Vaxcyte, serving as the company’s Chief Executive Officer.
What do the children’s trusts in the Vaxcyte Form 4 represent?
Separate footnotes explain that 136,215 shares are held by a trust for the benefit of the reporting person’s son and another 136,215 shares by a trust for the benefit of his daughter, both reported as indirectly owned.