Replimune (REPL) CAO sells 7,632 shares under tax “sell to cover”
Rhea-AI Filing Summary
Replimune Group, Inc. Chief Accounting Officer Andrew Schwendenman reported a sale of 7,632 shares of common stock on 2026-08-10 at $12.97 per share. According to the company disclosure, the shares were sold solely to cover tax withholding obligations arising from the vesting of performance-based restricted stock units under an irrevocable “sell to cover” provision, and were not a discretionary sale. Following the transaction, Schwendenman directly holds 99,425 shares of Replimune common stock.
Positive
- None.
Negative
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Insider Trade Summary
Net Seller: 7,632 shares
Net Sell
1 txn
Insider
Schwendenman Andrew
Role
Chief Accounting Officer
Sold
7,632 shs ($99K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 7,632 | $12.97 | $99K |
Holdings After Transaction:
Common Stock — 99,425 shares (Direct)
Footnotes (1)
- F1. Represents shares of the Issuer's common stock (the "Shares") sold to cover tax withholding obligations in connection with the vesting of the Reporting Person's performance-based restricted stock units (the "PSUs"). The transaction reported herein was made in accordance with the irrevocable "sell to cover" provision set forth in the award agreements under which the PSUs were granted and does not represent a discretionary sale by the Reporting Person.
Key Figures
Shares sold: 7,632 shares
Sale price: $12.97 per share
Shares held after transaction: 99,425 shares
+1 more
4 metrics
Shares sold
7,632 shares
Common stock sold on 2026-08-10 to cover tax withholding
Sale price
$12.97 per share
Price for the 7,632 common shares sold
Shares held after transaction
99,425 shares
Direct ownership of Replimune common stock after the sale
Net shares sold
7,632 shares
Net-sell direction per transaction summary
Key Terms
performance-based restricted stock units, sell to cover, tax withholding obligations
3 terms
performance-based restricted stock units financial
"in connection with the vesting of the Reporting Person's performance-based restricted stock units"
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
sell to cover financial
"made in accordance with the irrevocable "sell to cover" provision set forth"
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
tax withholding obligations financial
"sold to cover tax withholding obligations in connection with the vesting"
FAQ
What insider transaction did Replimune (REPL) report for Andrew Schwendenman?
Replimune reported that Chief Accounting Officer Andrew Schwendenman sold 7,632 shares of common stock on 2026-08-10 at $12.97 per share. The sale was tied to tax withholding on vested performance-based restricted stock units.
Was the Replimune (REPL) insider sale by Andrew Schwendenman discretionary?
The company disclosure states the sale was not discretionary. It was made under an irrevocable “sell to cover” provision in the PSU award agreements, solely to satisfy tax withholding obligations from the vesting of performance-based restricted stock units.
AI-generated analysis. How Rhea-AI works. Not financial advice.
