Pliant Therapeutics (PLRX) HR chief has 7,534 shares sold for tax withholding
Rhea-AI Filing Summary
Pliant Therapeutics Chief Human Resource Officer Lily Cheung reported a sale of company stock under a tax-withholding plan. On January 20, 2026, a company plan sold 7,534 shares of Common Stock on her behalf at a weighted-average price of $1.28 per share, in transactions intended to comply with Rule 10b5-1. The sales were executed between $1.245 and $1.33 over several days to cover withholding taxes tied to the vesting of previously granted restricted stock units.
After these transactions, Cheung beneficially owned 44,847 shares of Pliant Therapeutics Common Stock. This total includes 1,956 shares acquired through an Employee Stock Purchase Plan program, showing she continues to hold a meaningful equity position in the company.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 7,534 | $1.28 | $10K |
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 1,956 shares of Common Stock acquired by the Reporting Person pursuant to an Employee Stock Purchase Plan program.
FAQ
What did Pliant Therapeutics (PLRX) insider Lily Cheung report in this Form 4?
Lily Cheung, Chief Human Resource Officer of Pliant Therapeutics (PLRX), reported a plan-driven sale of 7,534 shares of Common Stock on January 20, 2026, at a weighted-average price of $1.28 per share, primarily to cover tax withholding on vested restricted stock units.
Was the PLRX insider sale by Lily Cheung a discretionary trade?
No. The filing states the sale was a nondiscretionary sale by the plan on behalf of the reporting person, intended to satisfy Rule 10b5-1 and to pay withholding taxes related to the vesting of previously granted restricted stock units.
Does Lily Cheung participate in Pliant Therapeutics’ Employee Stock Purchase Plan?
Yes. The filing notes that her holdings include 1,956 shares of Common Stock acquired through an Employee Stock Purchase Plan program.
What is Lily Cheung’s role at Pliant Therapeutics (PLRX)?
According to the Form 4, Lily Cheung is an officer of Pliant Therapeutics, serving as the company’s Chief Human Resource Officer.