PTC CEO Klein sells shares to cover RSU taxes
PTC Therapeutics, Inc. (PTCT) CEO Matthew B. Klein reported automatic sales of common stock tied to RSU vesting.
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Rhea-AI Filing Summary
PTC Therapeutics, Inc. (PTCT) CEO Matthew B. Klein reported automatic sales of common stock tied to RSU vesting. On January 6, 2026, 5,149 shares of common stock were sold at $76.95 per share, and on January 7, 2026, 3,016 shares were sold at $77.48 per share. Both transactions are coded as sales and are reported as directly owned shares.
According to the footnotes, these sales were made under irrevocable "sell to cover" elections to satisfy tax withholding obligations arising from the vesting of 17,500 RSUs from a January 3, 2025 grant of 70,000 RSUs and 6,500 RSUs from a January 5, 2023 grant of 26,000 RSUs. After these transactions, Klein directly beneficially owns 396,967 shares of PTC Therapeutics common stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,016 | $77.48 | $234K |
| Sale | Common Stock | 5,149 | $76.95 | $396K |
Footnotes (2)
- F1. Represents shares automatically sold pursuant to an irrevocable sell to cover election entered into upon acceptance of the grant to satisfy tax withholding obligations in connection with the vesting of 17,500 RSUs from a January 3, 2025 grant of 70,000 RSUs.
- F2. Represents shares automatically sold pursuant to an irrevocable sell to cover election entered into upon acceptance of the grant to satisfy tax withholding obligations in connection with the vesting of 6,500 RSUs from a January 5, 2023 grant of 26,000 RSUs.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did PTC Therapeutics (PTCT) report for Matthew B. Klein?
PTC Therapeutics reported that Chief Executive Officer and Director Matthew B. Klein sold shares of common stock in two transactions on January 6, 2026 and January 7, 2026, both reported on a Form 4 as sales of directly owned shares.
What RSU grants are linked to the PTC Therapeutics (PTCT) CEO’s sell-to-cover transactions?
The sell-to-cover sales relate to the vesting of 17,500 RSUs from a January 3, 2025 grant of 70,000 RSUs and 6,500 RSUs from a January 5, 2023 grant of 26,000 RSUs.
Is the PTC Therapeutics (PTCT) CEO considered a 10% owner in this filing?
No. In this Form 4, Matthew B. Klein is identified as a Director and Chief Executive Officer, and the 10% owner box is not checked.
AI-generated analysis. How Rhea-AI works. Not financial advice.