uniQure (NASDAQ: QURE) director awarded RSUs, sells shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
uniQure N.V. director Balachandran Madhavan reported routine equity compensation and related tax sales. He was granted 7,550 restricted share units, each representing one Ordinary Share, and 13,980 stock options with a $26.82 exercise price, both vesting 100% on the first anniversary of the grant date subject to continued service. Upon vesting of earlier restricted share units, 1,993 shares were sold at a weighted average price of $27.06, solely to cover estimated withholding taxes under automatic sale instructions, not as a discretionary trade. After these transactions, he directly owns 43,254 Ordinary Shares and holds the new unvested options.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,993 shares ($53,931)
Net Sell
3 txns
Insider
Balachandran Madhavan
Role
null
Sold
1,993 shs ($54K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 1,993 | $27.06 | $54K |
| Grant/Award | Stock Option (Right to Buy) | 13,980 | $0.00 | -- |
| Grant/Award | Ordinary Shares | 7,550 | $0.00 | -- |
Holdings After Transaction:
Ordinary Shares — 43,254 shares (Direct, null);
Stock Option (Right to Buy) — 13,980 shares (Direct, null)
Footnotes (1)
- Represents restricted share units granted to the Reporting Person under the Issuer's 2014 Share Incentive Plan, as amended and restated. Each restricted share unit represents the contingent right to receive one Ordinary Share. The restricted share units vest 100% on the first anniversary of the date of grant, subject to the Reporting Person's continued relationship with the Issuer through such date. The shares were sold upon the vesting of restricted share units solely to cover estimated withholding taxes, pursuant to automatic sale instructions included in the relevant Restricted Share Unit Agreement. The sale was not a discretionary trade by the Reporting Person. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $26.92 to $27.25. The Reporting Person undertakes to provide to the Issuer, any shareholder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The Stock Option vests 100% on the first anniversary of the date of grant, subject to the Reporting Person's continued relationship with the Issuer through such date.
Key Figures
RSU grant: 7,550 units
Stock option grant: 13,980 options
Option exercise price: $26.82 per share
+4 more
7 metrics
RSU grant
7,550 units
Restricted share units granted; each represents one Ordinary Share
Stock option grant
13,980 options
Stock Option (Right to Buy) for 13,980 Ordinary Shares
Option exercise price
$26.82 per share
Conversion or exercise price of new stock options
Option expiration
June 10, 2036
Expiration date of the stock option grant
Shares sold
1,993 shares
Ordinary Shares sold to cover estimated withholding taxes
Weighted average sale price
$27.06 per share
Sale prices ranged from $26.92 to $27.25
Post-sale holdings
43,254 shares
Total Ordinary Shares directly owned after the sale
Key Terms
restricted share units, automatic sale instructions, Stock Option (Right to Buy), weighted average price
4 terms
automatic sale instructions financial
"The shares were sold upon the vesting of restricted share units solely to cover estimated withholding taxes, pursuant to automatic sale instructions"
Stock Option (Right to Buy) financial
"Stock Option (Right to Buy) with underlying security of Ordinary Shares"
weighted average price financial
"The price reported in Column 4 is a weighted average price"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
FAQ
What insider transactions did uniQure (QURE) director Balachandran Madhavan report?
Balachandran Madhavan reported receiving equity awards and a small share sale. He was granted 7,550 restricted share units and 13,980 stock options, and 1,993 shares were sold automatically to cover withholding taxes related to vesting awards.
What equity awards did the uniQure (QURE) director receive in this Form 4?
He received 7,550 restricted share units and 13,980 stock options. Each restricted share unit represents one Ordinary Share, and the stock options give the right to buy 13,980 Ordinary Shares at a $26.82 per share exercise price.
When do the director’s new uniQure (QURE) RSUs and options vest?
Both the restricted share units and the stock options vest 100% on the first anniversary of the grant date. Vesting is conditioned on the director maintaining a continued relationship with uniQure through that one-year vesting date.