Praxis CEO reports tax share withholding
Praxis Precision Medicines Chief Executive Officer Marcio Souza reported an automatic share disposition related to tax withholding.
Rhea-AI Filing Summary
Praxis Precision Medicines Chief Executive Officer Marcio Souza reported an automatic share disposition related to tax withholding. On January 7, 2026, 405 shares of common stock were withheld by the company at a price of $292.63 per share to satisfy tax obligations tied to the vesting of previously reported restricted stock units. This was not an open-market sale. After this transaction, Souza beneficially owned 53,502 common shares directly and an additional 2,600 common shares indirectly, which are held by his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 405 | $292.63 | $119K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- F1. Shares withheld by the Issuer to satisfy the tax withholding obligations in connection with the vesting of certain previously reported restricted stock units.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did PRAX CEO Marcio Souza report?
Marcio Souza reported that 405 shares of Praxis Precision Medicines common stock were withheld by the issuer on January 7, 2026 to cover tax obligations related to vesting restricted stock units.
Was the PRAX CEO’s Form 4 transaction an open-market sale?
No. The filing explains that the 405 shares were withheld by the issuer to satisfy tax withholding obligations tied to vesting restricted stock units, rather than sold in an open-market transaction.
What is the transaction code used for the PRAX CEO’s tax withholding event?
The transaction uses code "F", which indicates shares were withheld to pay taxes in connection with the vesting of equity awards.
AI-generated analysis. How Rhea-AI works. Not financial advice.