Revelation CFO covers taxes via share sale
Revelation Biosciences Chief Financial Officer reports a routine tax-related share sale through a trust.
Rhea-AI Filing Summary
Revelation Biosciences Chief Financial Officer reports a routine tax-related share sale through a trust. On the reported date, 13,285 shares of common stock were disposed of at a weighted average price of $1.10 per share to satisfy required tax withholding on vested restricted stock awards. The filing states this transaction was mandatory and that the CFO did not exercise investment discretion. After this tax-withholding disposition, an indirect trust holding stands at 92,063 shares of common stock, and an affiliated LLC holds 2 additional common shares indirectly.
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Insider Trade Summary
Exercise Price or Tax Liability: 13,285 shares
Exercise Price or Tax Liability
2 txns
Insider
Zygmont Chester Stanley III
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 13,285 | $1.10 | $15K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 92,063 shares (Indirect, by Trust);
Common Stock — 2 shares (Indirect, LLC)
Footnotes (4)
- F1. Represents shares sold by the issuer on behalf of the reporting person solely to satisfy required tax withholding obligations arising upon the vesting of restricted stock awards. The transaction was mandatory and the reporting person did not exercise investment discretion with respect to the sale.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.09 to $1.13, inclusive. The reporting person undertakes to provide to Revelation Biosciences, Inc. (REVB), any security holder of REVB, 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.
- F3. Shares are held by The Zygmont Family Trust Dated October 25, 2016, with respect to which Chester S Zygmont III is a trustee.
- F4. Shares are held by Czeslaw Capital Fund, LLC. Chester S Zygmont III is the sole manager of Czeslaw Capital Fund, LLC.
Key Figures
Tax-withholding shares disposed: 13,285 shares
Weighted average sale price: $1.10 per share
Post-transaction trust holdings: 92,063 shares
+2 more
5 metrics
Tax-withholding shares disposed
13,285 shares
Common stock sold to satisfy tax obligations on vesting
Weighted average sale price
$1.10 per share
Tax-withholding disposition of common stock
Post-transaction trust holdings
92,063 shares
Common stock indirectly held by The Zygmont Family Trust
Additional LLC holdings
2 shares
Common stock indirectly held by Czeslaw Capital Fund, LLC
Sale price range
$1.09–$1.13 per share
Price range for multiple transactions in tax-withholding sale
Key Terms
tax withholding obligations, restricted stock awards, weighted average price, indirect ownership, +1 more
5 terms
tax withholding obligations financial
"solely to satisfy required tax withholding obligations arising upon the vesting"
restricted stock awards financial
"tax withholding obligations arising upon the vesting of restricted stock awards"
Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.
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.
indirect ownership financial
"Shares are held by The Zygmont Family Trust Dated October 25, 2016"
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Revelation Biosciences (REVB) report for its CFO?
Revelation Biosciences reported an indirect tax-related share disposition for its CFO. 13,285 common shares were sold by the issuer solely to cover tax withholding obligations from vested restricted stock awards, making it a mandatory, non-discretionary transaction rather than an open-market trade.
AI-generated analysis. How Rhea-AI works. Not financial advice.
