Director Arthur Levin of Avidity Biosciences (RNA) logs automatic tax sell of 1,758 shares
Rhea-AI Filing Summary
Avidity Biosciences director Arthur A. Levin reported an automatic sale of common stock tied to RSU vesting. On January 21, 2026, 1,758 shares of Avidity Biosciences common stock were sold at $72.45 per share in a transaction coded "S." According to the footnote, this was a mandated "sell-to-cover" sale to satisfy tax withholding obligations from restricted stock units that vested on January 20, 2026, under the company’s equity incentive plans, and it was not a discretionary trade. After this sale, Levin directly held 16,562 common shares, and additional common shares were held indirectly through a family trust and a charitable remainder trust. The filing notes that instructions for these automatic sell-to-cover transactions were established under Rule 10b5-1.
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FAQ
What insider transaction did Avidity Biosciences (RNA) disclose for Arthur A. Levin?
The filing shows that director Arthur A. Levin reported a sale of 1,758 shares of Avidity Biosciences common stock on January 21, 2026, at $72.45 per share.
Was Arthur A. Levins sale of Avidity Biosciences (RNA) shares a discretionary trade?
No. The footnote explains the sale was a mandated "sell-to-cover" transaction to cover tax withholding obligations from RSUs that vested on January 20, 2026, and does not represent a discretionary trade by Levin.
How many Avidity Biosciences (RNA) shares does Arthur A. Levin hold after the reported transaction?
Following the sell-to-cover transaction, Levin directly owned 16,562 common shares. He also had indirect holdings of 131,372 common shares through a family trust and 22,500 common shares through a charitable remainder trust.
What is a "sell-to-cover" transaction in the context of Avidity Biosciences (RNA)?
In this context, a sell-to-cover transaction means that shares received from RSU vesting were automatically sold to generate cash to pay tax withholding obligations, as required by the companys equity incentive plans.
Did Arthur A. Levin use a Rule 10b5-1 plan for this Avidity Biosciences (RNA) transaction?
Yes. The footnote states that Levin executed an instruction letter for the automatic sale of sell-to-cover shares, intended to satisfy the affirmative defense conditions of Rule 10b5-1.
What roles does Arthur A. Levin have at Avidity Biosciences (RNA)?
The filing identifies Arthur A. Levin as a director of Avidity Biosciences, Inc. He is not listed as an officer or 10% owner in this report.