Praxis Precision Medicines (PRAX) COO reports tax withholding of 885 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Praxis Precision Medicines Chief Operating Officer Megan Sniecinski reported an automatic withholding of 885 shares of common stock on January 12, 2026. The issuer retained these shares to satisfy tax withholding obligations that arose when previously reported restricted stock units vested, rather than through an open-market sale.
After this tax-related withholding, Sniecinski beneficially owns 28,530 shares of Praxis Precision Medicines common stock, held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sniecinski Megan
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 885 | $275.74 | $244K |
Holdings After Transaction:
Common Stock — 28,530 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did PRAX COO Megan Sniecinski report?
Megan Sniecinski, Chief Operating Officer of Praxis Precision Medicines, reported that 885 shares of common stock were withheld by the issuer on January 12, 2026 to cover tax obligations from vesting restricted stock units.
Was the PRAX Form 4 transaction an open-market sale by the COO?
No. The Form 4 states that the 885 shares were withheld by the issuer to satisfy tax withholding obligations tied to the vesting of previously reported restricted stock units, not a discretionary open-market sale by Megan Sniecinski.
What does transaction code "F" mean in the PRAX Form 4 filing?
Transaction code "F" on the Form 4 indicates that the reported 885 shares were used to pay tax withholding in connection with the vesting of equity awards, as confirmed by the footnote in the filing.
What role does Megan Sniecinski hold at Praxis Precision Medicines (PRAX)?
The Form 4 identifies Megan Sniecinski as an officer of Praxis Precision Medicines, serving as the company’s Chief Operating Officer.