Tax-related share sale by PTC Therapeutics (PTCT) CEO Matthew B. Klein
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PTC Therapeutics, Inc. reported an insider share sale by its chief executive officer Matthew B. Klein. On January 8, 2026, he sold 2,514 shares of common stock at $76.45 per share. After this transaction, he beneficially owned 394,453 shares of PTC Therapeutics common stock in direct ownership.
The filing explains that these shares were automatically sold under an irrevocable “sell to cover” election to satisfy tax withholding obligations tied to the vesting of 5,250 restricted stock units (RSUs) from a January 7, 2022 grant of 21,000 RSUs. This indicates the sale was made to cover taxes due on equity compensation rather than as a discretionary open‑market sale of investment holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,514 shares ($192,195)
Net Sell
1 txn
Insider
Klein Matthew B.
Role
CHIEF EXECUTIVE OFFICER
Sold
2,514 shs ($192K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,514 | $76.45 | $192K |
Holdings After Transaction:
Common Stock — 394,453 shares (Direct)
Footnotes (1)
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FAQ
Who reported the insider transaction in PTC Therapeutics (PTCT)?
The transaction was reported by Matthew B. Klein, who serves as both a director and the Chief Executive Officer of PTC Therapeutics, Inc..
Is the PTC Therapeutics (PTCT) CEO a 10% owner based on this Form 4?
In the filing, the box for 10% Owner is not checked, while the boxes for Director and Officer (Chief Executive Officer) are checked, indicating he is not reported as a 10% owner here.
Does this PTC Therapeutics (PTCT) Form 4 involve derivative securities or only common stock?
The reported transaction in Table I involves common stock. Table II for derivative securities is present but does not list any specific derivative transactions in this excerpt.