Quanterix (QTRX) CTO exercises 130 RSUs, with 39 shares used for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Quanterix Corp’s Chief Technology Officer Michael Francis Miller reported compensation-related equity transactions, not open-market trades. He exercised restricted stock units (RSUs) that converted into 130 shares of common stock, then 39 of those shares were disposed of to cover tax obligations.
After these transactions, he directly holds 33,834 shares of common stock and 419 RSUs. The RSUs were granted on September 23, 2022 and vest over four years, with 25% on the first anniversary and the remaining 75% in 36 equal monthly installments.
Positive
- None.
Negative
- None.
Insider Trade Summary
130 shares exercised/converted
Mixed
3 txns
Insider
Miller Michael Francis
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 130 | $0.00 | -- |
| Exercise | Common Stock | 130 | $0.00 | -- |
| Tax Withholding | Common Stock | 39 | $3.06 | $119.34 |
Holdings After Transaction:
Restricted Stock Unit — 419 shares (Direct, null);
Common Stock — 33,834 shares (Direct, null)
Footnotes (1)
- Restricted stock units convert into common stock on a one-for-one basis. On September 23, 2022, the reporting person was granted 6,278 restricted stock units, vesting 25% on the first anniversary of the grant date, with the remaining 75% vesting in 36 equal monthly installments on the last day of each month thereafter.
Key Figures
RSUs exercised: 130 shares
Shares for tax withholding: 39 shares
Common shares held after: 33,834 shares
+3 more
6 metrics
RSUs exercised
130 shares
Restricted stock units converted into common stock on May 31, 2026
Shares for tax withholding
39 shares
Common stock disposed to cover tax obligations on May 31, 2026
Common shares held after
33,834 shares
Direct common stock holdings after reported transactions
RSUs held after
419 units
Restricted stock units remaining after the RSU conversion
Original RSU grant
6,278 units
Grant to CTO on September 23, 2022 with time-based vesting
Tax disposition price
$3.06 per share
Price used for 39-share tax-withholding disposition
Key Terms
Restricted stock units, tax-withholding disposition, derivative security, vesting
4 terms
Restricted stock units financial
"Restricted stock units convert into common stock on a one-for-one basis."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
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.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
vesting financial
"vesting 25% on the first anniversary of the grant date, with the remaining 75% vesting in 36 equal monthly installments"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transactions did Quanterix (QTRX) report for its CTO?
Quanterix’s CTO Michael Francis Miller exercised 130 restricted stock units into common shares, then 39 shares were disposed of to satisfy tax obligations. These transactions are compensation-related events, not open-market buying or selling of Quanterix stock.
What RSU grant is referenced in the Quanterix (QTRX) Form 4?
The Form 4 notes a grant of 6,278 restricted stock units to the CTO on September 23, 2022. These RSUs vest 25% on the first anniversary of the grant date and the remaining 75% in 36 equal monthly installments on the last day of each month.
How do Quanterix (QTRX) RSUs convert into common stock for the CTO?
The filing states that restricted stock units convert into Quanterix common stock on a one-for-one basis. As RSUs vest over time, each vested unit becomes one share of common stock, subject to any required share withholding for associated tax obligations.