Praxis Precision Medicines (PRAX) officer receives RSUs, options and tax withholding
Rhea-AI Filing Summary
Praxis Precision Medicines, Inc. reported insider equity transactions by Principal Accounting Officer Lauren Mastrocola. On January 8, 2026, she received 3,750 restricted stock units, each representing one share of common stock, vesting in equal annual installments over four years beginning on the one-year anniversary of January 8, 2026. She was also granted a stock option for 7,500 shares of common stock at an exercise price of $294.38 per share, vesting over four years with 25% on January 8, 2027 and the remainder in 36 monthly installments. On January 10, 2026, 367 shares of common stock were withheld at $288.45 per share to satisfy tax withholding obligations related to vesting of previously reported restricted stock units, leaving her with 13,789.656 shares of common stock held directly.
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FAQ
What insider transactions did PRAX Principal Accounting Officer Lauren Mastrocola report?
Lauren Mastrocola reported receiving 3,750 restricted stock units and a stock option for 7,500 shares of Praxis Precision Medicines common stock on January 8, 2026, plus a tax-related share withholding transaction on January 10, 2026.
How do the 3,750 restricted stock units granted to the PRAX officer vest?
The 3,750 restricted stock units vest in equal annual installments over four years, starting on the one-year anniversary of the January 8, 2026 vesting commencement date. Each unit represents a right to receive one share of common stock, settled only in shares.
What are the terms of the 7,500 share stock option granted by Praxis Precision Medicines (PRAX)?
The stock option covers 7,500 shares of common stock with an exercise price of $294.38 per share. It vests over four years: 25% on January 8, 2027 and the remaining 75% in 36 equal monthly installments thereafter, subject to continued service.
Why were 367 PRAX shares reported as disposed of at $288.45?
The 367 shares of common stock reported as disposed of at $288.45 per share on January 10, 2026 were shares withheld by Praxis Precision Medicines to satisfy tax withholding obligations related to vesting of previously reported restricted stock units.
How many PRAX common shares does Lauren Mastrocola hold after these transactions?
After the reported transactions, Lauren Mastrocola beneficially owns 13,789.656 shares of Praxis Precision Medicines common stock directly, according to the filing.
Are the equity awards to the PRAX Principal Accounting Officer part of a compensation package?
The filing describes grants of restricted stock units and a stock option with multi-year vesting schedules for the Principal Accounting Officer, which are typical components of an executive equity compensation program.