Tax-related share sale by PTC Therapeutics (PTCT) CEO Matthew B. Klein
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,514 | $76.45 | $192K |
Footnotes (1)
- F1. Represents shares automatically sold pursuant to irrevocable sell to cover elections entered into upon acceptance of the respective grants to satisfy tax withholding obligations in connection with the vesting of 5,250 RSUs from a January 7, 2022 grant of 21,000 RSUs.
FAQ
Who reported the insider transaction in PTC Therapeutics (PTCT)?
Is the PTC Therapeutics (PTCT) CEO a 10% owner based on this Form 4?
Does this PTC Therapeutics (PTCT) Form 4 involve derivative securities or only common stock?
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