Rezolute CEO reports RSU tax withholding sale
Rezolute, Inc. CEO Nevan C. Elam reported a routine tax-related share disposition.
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Form Type
4
Rhea-AI Filing Summary
Rezolute, Inc. CEO Nevan C. Elam reported a routine tax-related share disposition. On the transaction date, 8,004 common shares were automatically sold at $4.99 per share to cover tax withholding obligations arising from the vesting and settlement of Restricted Stock Units.
The company elected a mandatory “sell to cover” method for these taxes, so this was not a discretionary market trade by the CEO. After this transaction, Elam directly holds 605,497 common shares of Rezolute.
Insider Trade Summary
Exercise Price or Tax Liability: 8,004 shares
Exercise Price or Tax Liability
1 txn
Insider
Elam Nevan C
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Shares | 8,004 | $4.99 | $40K |
Holdings After Transaction:
Common Shares — 605,497 shares (Direct)
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
Shares disposed for tax withholding: 8,004 shares
Disposition price per share: $4.99 per share
Shares held after transaction: 605,497 shares
+2 more
5 metrics
Shares disposed for tax withholding
8,004 shares
Common shares used to cover RSU tax obligations
Disposition price per share
$4.99 per share
Price for tax-withholding share disposition
Shares held after transaction
605,497 shares
CEO’s direct common share holdings following transaction
Tax-withholding transactions count
1 transaction
Single F-code tax-withholding event in this Form 4
Tax-withholding shares total
8,004 shares
Total shares used across all tax-withholding entries
Key Terms
Restricted Stock Units ("RSUs"), sell to cover, tax withholding obligations, tax-withholding disposition, +1 more
5 terms
Restricted Stock Units ("RSUs") financial
"in connection with the vesting and settlement of Restricted Stock Units ("RSUs")"
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.
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 obligations financial
"shares disposed of by the Reporting Person to cover tax withholding obligations in connection"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
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.
Payment of exercise price or tax liability by delivering securities financial
"transaction_code_description": "Payment of exercise price or tax liability by delivering securities""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Rezolute (RZLT) CEO Nevan C. Elam report in this Form 4?
Nevan C. Elam reported a disposition of 8,004 Rezolute common shares. The shares were automatically sold to satisfy tax withholding obligations tied to vesting Restricted Stock Units, rather than a discretionary open-market sale.
Was the Rezolute (RZLT) CEO’s Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale initiated by the CEO. Shares were disposed of under a mandatory “sell to cover” election by Rezolute to fund tax withholding on recently vested Restricted Stock Units.
What is the meaning of transaction code “F” in the Rezolute (RZLT) Form 4?
Transaction code “F” indicates a disposition to pay an exercise price or tax liability. In this case, it reflects shares sold to cover tax withholding owed on the vesting and settlement of the CEO’s Restricted Stock Units.
Why does Rezolute (RZLT) use a “sell to cover” method for RSU tax withholding?
Rezolute elected to require tax withholding on vested RSUs to be funded via a “sell to cover” transaction. This means shares are automatically sold to pay taxes, avoiding separate cash payments by the reporting person.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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