REGENXBIO (RGNX) Form 4: RSU Tax Withholding Reduces Holdings
Rhea-AI Filing Summary
Chan Mitchell, the Chief Financial Officer of REGENXBIO Inc. (RGNX), reported a non-derivative disposition on 09/01/2025. The filing shows 4,901 shares of common stock were withheld to satisfy taxes upon the vesting of restricted stock units originally granted on September 16, 2024, using a withholding price of $8.93 (based on the closing price on August 29, 2025). After the withholding, the reporting person beneficially owns 53,968 shares directly. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person on 09/03/2025.
Positive
- RSUs vested for the reporting person, indicating planned compensation delivery occurred as documented
- Reporting person retains 53,968 shares directly after the withholding, preserving ongoing ownership stake
Negative
- 4,901 shares were disposed of (withheld), reducing the reported share count
- Withholding used closing price of $8.93, reflecting tax settlement at that valuation rather than potential higher market prices
Insights
TL;DR: Routine tax-withholding sale following RSU vesting; no indication of new purchases or strategic change.
The Form 4 documents a customary practice where shares are withheld to cover tax obligations tied to restricted stock unit vesting. The disposition code 'F' and the explanation confirm the shares were not sold on the open market but withheld to pay taxes related to RSUs granted on September 16, 2024. The remaining direct beneficial ownership of 53,968 shares remains in the reporting person's name, and there is no evidence in this filing of additional transfers, pledges, or derivative activity.
TL;DR: Compensation-related withholding reduced reported share count by 4,901 shares at a $8.93 per-share valuation.
The entry clarifies the withholding amount was calculated using the issuer's closing price on August 29, 2025, which is standard for payroll tax withholding associated with RSU vesting. This transaction reflects routine executive compensation administration rather than a discretionary sale or sign of market view. No change to outstanding derivative holdings is reported in this filing.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 4,901 | $8.93 | $44K |
Footnotes (1)
- [object Object]