RARE Form 4: SVP Huizenga sells shares for tax withholding; holds 50,306
Rhea-AI Filing Summary
Theodore A. Huizenga, SVP and Chief Accounting Officer of Ultragenyx Pharmaceutical Inc. (RARE), reported a sale of company common stock on 09/05/2025. The Form 4 shows a sale (Code S) of 84 shares at $31.39 per share. After the reported transaction the reporting person beneficially owned 50,306 shares directly. The filing explains the sale represents shares sold to pay required tax withholdings upon vesting of restricted stock units, and also notes the reporting person acquired 266 shares under the company’s Employee Stock Purchase Plan on April 30, 2025. Previously reported RSU-related shares subject to vesting are included in the total.
Positive
- None.
Negative
- None.
Insights
TL;DR: Small, routine insider sale to cover tax withholding; not indicative of major change in ownership or control.
The Form 4 discloses a modest disposition of 84 shares at $31.39 by the company’s SVP and Chief Accounting Officer on 09/05/2025. The explanatory note explicitly states the sale financed tax withholdings from RSU vesting, which is a common administrative transaction and typically has limited informational value about management’s view of the business. The reporting person continues to hold 50,306 shares after the sale, and the filing also confirms participation in the company’s ESPP with 266 shares purchased earlier in 2025.
TL;DR: Transaction appears routine and compliant; documentation of tax-withholding sale and ESPP purchase is transparent.
The filing clearly identifies the reporting person, relationship to the issuer, and the nature of the transaction as a tax-withholding sale tied to RSU vesting. Such disclosures align with Section 16 reporting obligations and help maintain transparency around insider movements. No amendment date was indicated and the Form 4 is signed via attorney-in-fact, consistent with standard practice for timely filings.