Recursion (NASDAQ: RXRX) CEO has 62,701 shares withheld for RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RECURSION PHARMACEUTICALS, INC. CEO and President Najat Khan reported a routine tax-related share disposition. On this Form 4, 62,701 shares of Class A Common Stock were withheld at $3.04 per share to satisfy tax withholding and remittance obligations tied to the net settlement of restricted stock units, rather than being sold on the open market. Following this withholding, Khan directly holds 2,199,384 shares of Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Khan Najat
Role
CEO and President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 62,701 | $3.04 | $191K |
Holdings After Transaction:
Class A Common Stock — 2,199,384 shares (Direct, null)
Footnotes (1)
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Key Figures
Tax-withheld shares: 62,701 shares
Withholding price: $3.04 per share
Post-transaction holdings: 2,199,384 shares
3 metrics
Tax-withheld shares
62,701 shares
Shares withheld to satisfy tax obligations on RSU net settlement
Withholding price
$3.04 per share
Value used for 62,701 tax-withheld Class A shares
Post-transaction holdings
2,199,384 shares
Class A Common Stock directly held by Najat Khan after withholding
Key Terms
restricted stock units, net settlement, tax withholding and remittance obligations, Class A Common Stock, +1 more
5 terms
restricted stock units financial
"in connection with the net settlement of restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
net settlement financial
"in connection with the net settlement of restricted stock units."
tax withholding and remittance obligations financial
"withheld by the Issuer to satisfy its tax withholding and remittance obligations"
Class A Common Stock financial
"security_title": "Class A Common Stock""
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did RXRX CEO Najat Khan report on this Form 4?
Najat Khan reported a tax-related disposition where 62,701 Class A shares were withheld. These shares covered tax obligations from net-settled restricted stock units, rather than being sold on the open market, and reflect a routine compensation-related event.
What does the F transaction code mean in this RXRX Form 4?
The F transaction code indicates shares were disposed of to pay tax obligations or exercise costs. Here, it shows 62,701 shares were withheld by the issuer to satisfy tax withholding and remittance obligations linked to the settlement of restricted stock units.
What role did restricted stock units play in this RXRX insider transaction?
The shares were withheld in connection with the net settlement of restricted stock units. When these units vested, the issuer retained 62,701 shares to meet tax obligations, allowing Khan to receive the remaining shares without making a separate cash tax payment.