Recursion (NASDAQ: RXRX) CFO covers taxes with 5,396 withheld shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Recursion Pharmaceuticals Chief Financial Officer Ben R. Taylor reported a tax-related share disposition. On this Form 4, 5,396 shares of Class A Common Stock were withheld at $3.15 per share to satisfy tax withholding and remittance obligations tied to net settlement of restricted stock units. After this transaction, Taylor directly owns 1,101,876 shares of Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Taylor Ben R
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 5,396 | $3.15 | $17K |
Holdings After Transaction:
Class A Common Stock — 1,101,876 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 5,396 shares
Tax-withholding price: $3.15 per share
Shares held after transaction: 1,101,876 shares
3 metrics
Shares withheld for taxes
5,396 shares
Tax-withholding disposition tied to RSU net settlement
Tax-withholding price
$3.15 per share
Value used for 5,396 withheld shares
Shares held after transaction
1,101,876 shares
Class A Common Stock directly owned post-transaction
Key Terms
restricted stock units, net settlement, tax withholding, remittance obligations
4 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.
remittance obligations financial
"to satisfy its tax withholding and remittance obligations in connection"
FAQ
What insider transaction did RXRX CFO Ben Taylor report?
Ben Taylor, CFO of Recursion Pharmaceuticals, reported a tax-related disposition of 5,396 Class A Common shares. The shares were withheld by the company at $3.15 per share to cover tax obligations from vested restricted stock units.
Was the RXRX CFO’s Form 4 transaction an open-market sale?
No, the transaction was a tax-withholding event, not an open-market sale. Shares were withheld by Recursion Pharmaceuticals to satisfy tax withholding and remittance obligations from net settlement of restricted stock units.