Rigel Pharmaceuticals (RIGL) CFO has 3,546 shares withheld for tax payment
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rigel Pharmaceuticals executive Dean L. Schorno reported a tax-related share disposition. As EVP & Chief Financial Officer, he had 3,546 shares of Rigel Pharmaceuticals common stock withheld on February 10, 2026 to cover tax obligations at a price of $34.62 per share.
After this tax-withholding disposition, he directly beneficially owned 55,701 shares of Rigel Pharmaceuticals common stock. The filing characterizes the transaction as payment of a tax liability by delivering securities, rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Schorno Dean L
Role
EVP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,546 | $34.62 | $123K |
Holdings After Transaction:
Common Stock — 55,701 shares (Direct)
Footnotes (1)
FAQ
What insider transaction did Rigel Pharmaceuticals (RIGL) report for Dean L. Schorno?
Rigel Pharmaceuticals reported a Form 4 for EVP & CFO Dean L. Schorno showing 3,546 common shares withheld on February 10, 2026 to satisfy tax obligations, classified as payment of a tax liability by delivering securities, not an open-market sale.
Was the Rigel Pharmaceuticals (RIGL) insider transaction a market sale?
The transaction was not reported as a market sale. The Form 4 uses transaction code “F,” defined as payment of an exercise price or tax liability by delivering securities, meaning 3,546 shares were withheld to cover taxes rather than sold on the open market.
What role does Dean L. Schorno hold at Rigel Pharmaceuticals (RIGL)?
Dean L. Schorno is identified as an officer of Rigel Pharmaceuticals, serving as Executive Vice President & Chief Financial Officer. The Form 4 confirms his status as an officer, not a director or 10% owner, when reporting the February 10, 2026 tax-withholding share disposition.