Pliant Therapeutics (PLRX) CEO sale covers RSU tax withholding
Rhea-AI Filing Summary
Pliant Therapeutics President and CEO Bernard Coulie reported a sale of 89,375 shares of common stock on January 20, 2026 at a weighted average price of $1.28 per share. The filing explains this was a nondiscretionary sale under a plan intended to satisfy Rule 10b5-1, executed by a broker between prices of $1.245 and $1.33 to cover withholding taxes tied to vesting restricted stock units.
After this transaction, Coulie directly beneficially owns 505,601 shares of common stock, which include 1,959 shares acquired through an employee stock purchase program. He is also reported as indirectly owning 409,317 shares held by The Coulie/Leyman Family Trust, where he and his spouse serve as trustees; he disclaims beneficial ownership of those shares beyond his pecuniary interest.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 89,375 | $1.28 | $114K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Represents a nondiscretionary sale by the plan on behalf of the Reporting Person in a manner intended to satisfy the requirements of Rule 10b5-1. The sale price of the Reporting Person's share represents the weighted average of all shares sold by a broker at prices ranging from $1.245 to $1.33, inclusive, on January 20, 2026 through January 22, 2026 on behalf of a group on employees of the Issuer, including the Reporting Person, to satisfy the payment of withholding tax liability in connection with the vesting of previously granted restricted stock units. The Reporting Person undertakes to provide Pliant Therapeutics, Inc., any security holder of Pliant Therapeutics, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold on behalf of the group of employees of the Issuer at each separate price within the range set forth in footnote (1) to this Form 4. Includes 1,959 shares of Common Stock acquired by the Reporting Person pursuant to an Employee Stock Purchase program. Shares held by The Coulie/Leyman Family Trust. The Reporting Person and his spouse serve as trustees for the trust. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.