Palatin Technologies (PTN) CFO has 195 shares withheld for taxes
Rhea-AI Filing Summary
Palatin Technologies Executive VP and CFO/COO Stephen T. Wills reported tax-withholding dispositions totaling 195 shares of common stock on July 15, 2026. The company withheld 94, 79 and 22 shares at per-share values of $14.34, $11.72 and $11.77 to satisfy employee withholding taxes on recently vested equity grants. After these transactions, Wills directly owned 63,965 common shares. The filing affirms these transactions under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
3 transactions reported
Mixed
3 txns
Insider
WILLS STEPHEN T
Role
Executive VP and CFO/COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 22 | $11.77 | $258.94 |
| Tax Withholding | Common Stock | 79 | $11.72 | $925.88 |
| Tax Withholding | Common Stock | 94 | $14.34 | $1K |
Holdings After Transaction:
Common Stock — 63,965 shares (Direct)
Footnotes (1)
- Shares withheld by the issuer, on election of the Reporting Person with the consent of the issuer, to pay employee withholding taxes. Such taxes were withheld and reported for the payroll in the period ended July 15, 2026, with the per share value of $11.77 determined as of June 22, 2026, the date of vesting, for a grant of 79 shares less the 22 shares withheld. Shares withheld by the issuer, on election of the Reporting Person with the consent of the issuer, to pay employee withholding taxes. Such taxes were withheld and reported for the payroll in the period ended July 15, 2026, with the per share value of $11.72 determined as of June 20, 2026, the date of vesting, for a grant of 287 shares less the 79 shares withheld. Shares withheld by the issuer, on election of the Reporting Person with the consent of the issuer, to pay employee withholding taxes. Such taxes were withheld and reported for the payroll in the period ended July 15, 2026, with the per share value of $14.34 determined as of June 4, 2026, the date of vesting, for a grant of 345 shares less the 94 shares withheld.
Key Figures
Shares withheld for taxes (grant vested June 4, 2026): 94 shares at $14.34 per share
Shares withheld for taxes (grant vested June 20, 2026): 79 shares at $11.72 per share
Shares withheld for taxes (grant vested June 22, 2026): 22 shares at $11.77 per share
+2 more
5 metrics
Shares withheld for taxes (grant vested June 4, 2026)
94 shares at $14.34 per share
Withheld from a grant of 345 shares less the 94 shares withheld
Shares withheld for taxes (grant vested June 20, 2026)
79 shares at $11.72 per share
Withheld from a grant of 287 shares less the 79 shares withheld
Shares withheld for taxes (grant vested June 22, 2026)
22 shares at $11.77 per share
Withheld from a grant of 79 shares less the 22 shares withheld
Total shares withheld for employee taxes
195 shares
Aggregate tax-withholding dispositions reported on July 15, 2026
Direct holdings after transactions
63,965 shares
Common stock directly owned by Stephen T. Wills following reported tax withholding
Key Terms
tax-withholding disposition, withholding taxes, date of vesting, Rule 10b5-1
4 terms
tax-withholding disposition financial
"Reported as a tax-withholding disposition of common stock"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
withholding taxes financial
"Shares withheld by the issuer to pay employee withholding taxes"
Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.
date of vesting financial
"Per share value determined as of the date of vesting"
Rule 10b5-1 regulatory
"Transactions were effected under a Rule 10b5-1 trading plan"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider activity did PTN’s Stephen T. Wills report?
Stephen T. Wills reported three tax-withholding dispositions of Palatin Technologies common stock totaling 195 shares on July 15, 2026. These were not open-market sales but shares withheld by the company to cover employee tax obligations tied to vested equity awards.
Were Stephen T. Wills’s PTN transactions under a Rule 10b5-1 plan?
Yes. The Form 4 indicates the transactions were effected under a Rule 10b5-1 trading plan. That designation means the tax-withholding share dispositions occurred pursuant to a pre-arranged plan rather than discretionary, opportunistic trading decisions by the executive.