Roivant president reports RSU tax share withholding
Roivant Sciences Ltd. President & Immunovant CEO Eric Venker reported a Form 4 showing a tax-related share disposition.
Rhea-AI Filing Summary
Roivant Sciences Ltd. President & Immunovant CEO Eric Venker reported a Form 4 showing a tax-related share disposition. On this date, 7,051 common shares were withheld and net-settled by the company to satisfy tax withholding obligations arising from the vesting of previously granted RSUs. After this tax-withholding disposition, Venker directly owned 1,647,546 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 7,051 shares
Exercise Price or Tax Liability
1 txn
Insider
Venker Eric
Role
President & Immunovant CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Shares | 7,051 | $27.15 | $191K |
Holdings After Transaction:
Common Shares — 1,647,546 shares (Direct)
Footnotes (1)
- F1. Represents the "net settlement" by the Issuer of RSUs previously granted to the reporting person in order to satisfy applicable tax withholding obligations in connection with the vesting and settlement of such RSUs.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Roivant Sciences (ROIV) report for Eric Venker?
Roivant Sciences reported that President & Immunovant CEO Eric Venker had 7,051 common shares withheld in a tax-withholding disposition. The shares were net-settled to cover taxes due on vesting restricted stock units previously granted to him.
Was Eric Venker’s Roivant (ROIV) Form 4 transaction an open-market sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were net-settled by the company to satisfy tax obligations tied to vesting RSUs, rather than sold in the market by Venker.
What does the footnote on Eric Venker’s Roivant (ROIV) Form 4 explain?
The footnote explains that the transaction represents a “net settlement” of previously granted RSUs. Roivant withheld shares to satisfy applicable tax withholding obligations when those restricted stock units vested and were settled into common shares.
What transaction code is used in Eric Venker’s Roivant (ROIV) Form 4 and what does it mean?
The Form 4 uses transaction code F, which indicates payment of an exercise price or tax liability by delivering securities. In this case, it reflects a tax-withholding disposition connected to the vesting and settlement of Venker’s restricted stock units.
AI-generated analysis. How Rhea-AI works. Not financial advice.