Rezolute CMO covers taxes by selling 3,062 shares
Rezolute, Inc. Chief Medical Officer Brian Kenneth Roberts reported a mandatory tax-withholding share disposition tied to vested Restricted Stock Units.
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Form Type
4
Rhea-AI Filing Summary
Rezolute, Inc. Chief Medical Officer Brian Kenneth Roberts reported a mandatory tax-withholding share disposition tied to vested Restricted Stock Units. On this Form 4, 3,062 common shares were disposed of at $4.99 per share to cover tax withholding obligations under a required “sell to cover” arrangement, which the company elected and which the footnote states was not a discretionary transaction by Roberts. After this event, he held 293,851 common shares directly and 15,500 common shares indirectly through an IRA, indicating that the filing reflects routine equity compensation and related tax handling rather than an open-market sale based on personal trading decisions.
Insider Trade Summary
Exercise Price or Tax Liability: 3,062 shares
Exercise Price or Tax Liability
2 txns
Insider
ROBERTS BRIAN KENNETH
Role
Chief Medical Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Shares | 3,062 | $4.99 | $15K |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 293,851 shares (Direct);
Common Shares — 15,500 shares (Indirect, Held in IRA)
Footnotes (1)
- F1. The disposition reported on this Form 4 represents shares disposed of by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units ("RSUs"). The disposition is mandated by the Issuer's election to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person.
Key Figures
Tax-withholding shares disposed: 3,062 shares
Disposition price per share: $4.99 per share
Direct holdings after transaction: 293,851 shares
+3 more
6 metrics
Tax-withholding shares disposed
3,062 shares
Common Shares, code F tax-withholding disposition
Disposition price per share
$4.99 per share
Tax-withholding sale to cover RSU-related obligations
Direct holdings after transaction
293,851 shares
Common Shares held directly by CMO after disposition
Indirect IRA holdings
15,500 shares
Common Shares held indirectly in IRA
Tax-withholding transactions
1 transaction
TaxWithholdingCount in transaction summary
Tax-withholding total shares
3,062 shares
TaxWithholdingShares in transaction summary
Key Terms
Restricted Stock Units ("RSUs"), tax withholding obligations, sell to cover, tax-withholding disposition, +1 more
5 terms
Restricted Stock Units ("RSUs") financial
"vesting and settlement of Restricted Stock Units ("RSUs"). The disposition is mandated"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
tax withholding obligations financial
"shares disposed of by the Reporting Person to cover tax withholding obligations in connection"
sell to cover financial
"funded by a "sell to cover" transaction and does not represent a discretionary"
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition", "transaction_code_description""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Held in IRA financial
""direct_or_indirect": "I", "nature_of_ownership": "Held in IRA""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Rezolute (RZLT) report for its Chief Medical Officer?
Rezolute reported that Chief Medical Officer Brian Kenneth Roberts disposed of 3,062 common shares to satisfy tax withholding tied to vested RSUs. The shares were sold under a mandated “sell to cover” arrangement and are characterized as a tax-withholding disposition, not a discretionary market trade.
Did Rezolute’s CMO make a discretionary sale of RZLT stock in this Form 4?
The Form 4 footnote explains the disposition was not discretionary. Shares were sold to cover tax withholding obligations when Restricted Stock Units vested, under the issuer’s election to require a “sell to cover” transaction, rather than an open-market sale based on personal trading decisions.
What are Brian Kenneth Roberts’ Rezolute (RZLT) holdings after the reported transactions?
Following the reported transactions, Brian Kenneth Roberts held 293,851 Rezolute common shares directly and 15,500 common shares indirectly through an IRA. These post-transaction holdings show he retains a substantial equity position despite the routine tax-withholding share disposition related to RSU vesting.
What is the role of Restricted Stock Units (RSUs) in this Rezolute Form 4 filing?
The filing states that the disposition resulted from tax withholding obligations linked to the vesting and settlement of RSUs. When the RSUs vested, shares were automatically sold via a mandated “sell to cover” transaction to fund taxes, rather than through a voluntary market sale.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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