Pliant Therapeutics (NASDAQ: PLRX) CFO share sale for tax withholding
Rhea-AI Filing Summary
Pliant Therapeutics’ Chief Financial Officer Keith Lamont Cummings reported an automatic sale of company stock. On January 20, 2026, a plan sold 24,002 shares of Common Stock on his behalf at a weighted average price of $1.28 per share, as part of a nondiscretionary Rule 10b5-1 arrangement.
The shares were sold by a broker over a price range of $1.245 to $1.33 between January 20 and January 22, 2026, to cover withholding taxes related to the vesting of previously granted restricted stock units. After this transaction, Cummings beneficially owned 297,214 shares of Pliant Therapeutics Common Stock, which include 1,958 shares acquired through an employee stock purchase plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 24,002 | $1.28 | $31K |
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 1,958 shares of Common Stock acquired by the Reporting Person pursuant to an Employee Stock Purchase Plan program.
FAQ
What insider transaction did Pliant Therapeutics (PLRX) report in this Form 4?
The filing reports that Chief Financial Officer Keith Lamont Cummings had 24,002 shares of Pliant Therapeutics Common Stock sold on his behalf on January 20, 2026, under a nondiscretionary plan.
Was the CFO’s Pliant Therapeutics (PLRX) sale discretionary or pre-planned?
The filing describes the transaction as a nondiscretionary sale by the plan on behalf of the reporting person, intended to comply with Rule 10b5-1 and cover tax withholding.