Recursion (NASDAQ: RXRX) CSO sees 26K shares withheld for taxes
Rhea-AI Filing Summary
RECURSION PHARMACEUTICALS, INC. (RXRX) reported that Chief Scientific Officer David Hallett had 26,657 shares of Class A common stock withheld on 2026-08-17 to satisfy tax withholding and remittance obligations related to the net settlement of restricted stock units. This reduced his position for tax purposes only; his direct holdings after this event are 1,043,837 shares of Class A common stock.
Positive
- None.
Negative
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Insider Trade Summary
Net Seller: 26,657 shares
Net Sell
1 txn
Insider
Hallett David
Role
Chief Scientific Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock F1 | 26,657 | $3.16 | $84K |
Holdings After Transaction:
Class A Common Stock — 1,043,837 shares (Direct)
Footnotes (1)
- F1. Represents shares that have been withheld by the Issuer to satisfy its tax withholding and remittance obligations in connection with the net settlement of restricted stock units.
Key Figures
Shares withheld for taxes: 26,657 shares
Price per share: $3.16 per share
Shares held after transaction: 1,043,837 shares
3 metrics
Shares withheld for taxes
26,657 shares
Class A Common Stock withheld to satisfy tax obligations on 2026-08-17
Price per share
$3.16 per share
Value used for the tax-withholding disposition of 26,657 shares
Shares held after transaction
1,043,837 shares
Direct ownership of Class A Common Stock by David Hallett after withholding
Key Terms
restricted stock units, net settlement, tax withholding
3 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 financial
"withheld by the Issuer to satisfy its tax withholding and remittance obligations"
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
FAQ
What insider transaction did RXRX Chief Scientific Officer David Hallett report?
David Hallett reported that 26,657 RXRX Class A shares were withheld on 2026-08-17 to cover tax obligations from net-settled restricted stock units, rather than being sold in an open-market transaction.
Does the RXRX Form 4 indicate use of a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as affirmative, and the footnote describes only tax withholding on restricted stock units, not trading under a pre-arranged plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.