Recursion (RXRX) Form 4 — RSU Withholding Reduces CEO Holdings to 954,229
Rhea-AI Filing Summary
Recursion Pharmaceuticals insider sale via net-settlement of RSUs. The company reports that Christopher Gibson, CEO and Director, had 40,390 shares of Class A common stock withheld to satisfy tax withholding in connection with a net settlement of restricted stock units, at an effective price of $5.64 per share. After the withholding the reporting person beneficially owns 954,229 shares, held directly. The filing shows no other non-derivative or derivative transactions disclosed and includes a signature by an attorney-in-fact.
Positive
- Timely disclosure of insider share withholding on Form 4, supporting regulatory compliance
- Transaction was tax withholding related to RSU net settlement rather than an open-market sale
Negative
- None.
Insights
TL;DR: Routine tax-withholding sale of RSUs by CEO, disclosed on Form 4; limited governance signal.
The transaction represents a common administrative outcome when restricted stock units vest and the company withholds shares to cover taxes rather than selling in the open market. Because the shares were withheld to satisfy tax obligations, this is not an open-market disposition reflecting a voluntary cash sale by the insider. Beneficial ownership remains substantial at 954,229 shares, indicating continued alignment with shareholders. Documentation and timely Form 4 disclosure support compliance with Section 16 reporting obligations.
TL;DR: Transaction is an internal tax-withholding event; limited immediate market impact and no derivatives activity reported.
The report lists a single non-derivative entry: 40,390 Class A shares withheld at $5.64 per share, reducing the reporting person’s direct holdings to 954,229 shares. There are no derivative securities reported in Table II and no indication of open-market sales or acquisitions. This pattern typically has negligible effect on free float or market supply. The presence of an attorney-in-fact signature indicates procedural handling of the filing rather than substantive transaction complexity.