Replimune director sells shares to cover RSU taxes
Replimune Group, Inc. director Philip Astley-Sparke reported an open-market sale of 17,657 shares of common stock at a weighted average price of $5.08 per share.
Rhea-AI Filing Summary
Replimune Group, Inc. director Philip Astley-Sparke reported an open-market sale of 17,657 shares of common stock at a weighted average price of $5.08 per share. The shares were sold under an irrevocable “sell to cover” provision to satisfy tax withholding on partially vesting RSUs and are described as non-discretionary.
The filing notes the trades occurred at prices ranging from $5.02 to $5.08 per share. Following this tax-related sale, Astley-Sparke directly holds 1,412,414 shares of Replimune common stock.
Positive
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Negative
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Insider Trade Summary
Net Seller: 17,657 shares
Net Sell
1 txn
Insider
Astley-Sparke Philip
Role
Director
Sold
17,657 shs ($90K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 17,657 | $5.08 | $90K |
Holdings After Transaction:
Common Stock — 1,412,414 shares (Direct)
Footnotes (2)
- F1. Represents shares of the Issuer's common stock (the "Shares") sold to cover tax withholding obligations in connection with the partial vesting of the Reporting Person's Restricted Stock Units ("RSU"). The transaction reported herein was made in accordance with the irrevocable "sell to cover" provision set forth in the award agreements under which the RSUs were granted and does not represent a discretionary sale by the Reporting Person.
- F2. The price reported reflects a weighted average price of the Shares. The Shares were sold in multiple transactions at prices ranging from $5.02 to $5.08 per Share. The Reporting Person will provide to the Issuer, any security holder of the Issuer or the Securities Exchange Commission staff, upon request, information regarding the number of Shares sold at each price within the range.
Key Figures
Shares sold: 17,657 shares
Weighted average sale price: $5.08 per share
Sale price range: $5.02–$5.08 per share
+1 more
4 metrics
Shares sold
17,657 shares
Open-market sale on 2026-05-18 to cover RSU taxes
Weighted average sale price
$5.08 per share
Price for 17,657 Replimune common shares sold
Sale price range
$5.02–$5.08 per share
Multiple transactions within stated range
Shares held after transaction
1,412,414 shares
Direct Replimune holdings following the sale
Key Terms
Restricted Stock Units, sell to cover, weighted average price, open-market sale
4 terms
Restricted Stock Units financial
"in connection with the partial vesting of the Reporting Person's Restricted Stock Units ("RSU")"
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.
sell to cover financial
"made in accordance with the irrevocable "sell to cover" provision set forth in the award agreements"
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.
weighted average price financial
"The price reported reflects a weighted average price of the Shares."
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.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Replimune (REPL) report for Philip Astley-Sparke?
Replimune reported that director Philip Astley-Sparke sold 17,657 common shares. The sale was executed under an irrevocable “sell to cover” provision to satisfy tax withholding obligations tied to the partial vesting of his Restricted Stock Units.
Was the REPL insider sale by Philip Astley-Sparke a discretionary trade?
No. The filing states the shares were sold to cover tax withholding obligations under an irrevocable “sell to cover” provision in the RSU award agreements and “does not represent a discretionary sale” by Philip Astley-Sparke, characterizing it as a mechanistic tax-related transaction.
What is the purpose of the “sell to cover” provision mentioned in the Replimune Form 4?
The “sell to cover” provision automatically sells a portion of vested RSU shares to pay required tax withholding. In this case, Astley-Sparke’s sale of 17,657 shares was executed under such an irrevocable provision in his RSU award agreements, rather than as an elective market trade.
AI-generated analysis. How Rhea-AI works. Not financial advice.
