[Form 4] Avidity Biosciences, Inc. Insider Trading Activity
Avidity Biosciences President and CEO Sarah Boyce reported automatic sales of common stock tied to tax withholding on vested equity awards.
Rhea-AI Filing Summary
Avidity Biosciences President and CEO Sarah Boyce reported automatic sales of common stock tied to tax withholding on vested equity awards. On January 21, 2026, she sold 6,394 shares of common stock at $72.45 per share and an additional 7,993 shares at $72.45 per share.
According to the filing, these transactions represent shares sold to cover tax obligations arising from the vesting of RSUs on January 20, 2026 under a mandatory "sell-to-cover" arrangement elected by the company. The filing states these sales do not represent discretionary trades and are executed under an automatic instruction letter intended to satisfy Rule 10b5-1 affirmative defense conditions. Following the reported transactions, Boyce beneficially owned 269,007 shares of Avidity Biosciences common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 6,394 | $72.45 | $463K |
| Sale | Common Stock | 7,993 | $72.45 | $579K |
Footnotes (1)
- F1. Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs on January 20, 2026 and the sale of the resulting shares of common stock on January 21, 2026. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell-to-cover" transaction and does not represent a discretionary trade by the Reporting Person. The Reporting Person has executed an instruction letter for the automatic sale of such "sell-to-cover" shares, intended to satisfy the affirmative defense conditions of Rule 10b5-1.
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