Rapid Micro (RPID) CFO sells shares to cover RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RAPID MICRO BIOSYSTEMS, INC. Chief Financial Officer Sean M. Wirtjes reported an automatic sale of Class A common stock to cover taxes tied to restricted stock unit vesting. He sold 17,254 shares at an average price of $3.923 per share. After this tax-related sale, he continues to hold 563,674 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 17,254 shares ($67,687)
Net Sell
1 txn
Insider
WIRTJES SEAN M
Role
CHIEF FINANCIAL OFFICER
Sold
17,254 shs ($68K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 17,254 | $3.923 | $68K |
Holdings After Transaction:
Class A Common Stock — 563,674 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did RPID CFO Sean Wirtjes report?
Sean Wirtjes reported an automatic sale of 17,254 Class A common shares. The shares were sold at an average price of $3.923 each to cover tax obligations arising from restricted stock unit vesting, according to the footnote disclosure.
Was the RPID CFO’s stock sale a discretionary open-market trade?
The sale was not discretionary; it was automatic to cover taxes. A filing footnote explains the 17,254 shares were sold solely to satisfy tax obligations from vesting restricted stock units, rather than being an elective open-market sale.
What does the Form 4 footnote say about the RPID CFO’s sale?
The footnote explains the sale represents an automatic sale of stock to cover tax obligations related to restricted stock unit vesting. This indicates the transaction was driven by tax withholding needs rather than a discretionary decision to reduce holdings.
Does the RPID CFO’s Form 4 indicate buying or selling activity overall?
The Form 4 reflects net selling activity, specifically a single sale of 17,254 shares. No purchases or other acquisitions were reported, and the transaction summary shows one sale transaction and a net-sell share direction for this filing.