Rezolute (RZLT) CFO logs RSU tax sell-to-cover, retains 411,400 shares
Rhea-AI Filing Summary
Rezolute, Inc. CFO Daron Evans reported a tax-related share disposition tied to RSU vesting. On the transaction date, 3,062 common shares at $4.99 per share were disposed of to satisfy tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units. The footnote explains this was a mandated “sell to cover” under the company’s election and not a discretionary trade by Evans. Following this transaction, he held 411,400 common shares directly. He also reports indirect holdings, including shares held by his spouse, minor children, and PoC Capital, LLC, a California limited liability company he manages, for which he disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,062 shares
Net Sell
6 txns
Insider
Evans Daron
Role
CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Shares | 3,062 | $4.99 | $15K |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 411,400 shares (Direct);
Common Shares — 7,000 shares (Indirect, Held by minor child #2);
Common Shares — 7,000 shares (Indirect, Held by minor child #3);
Common Shares — 40,000 shares (Indirect, Held by PoC Capital LLC);
Common Shares — 20,000 shares (Indirect, Held by spouse);
Common Shares — 23,000 shares (Indirect, Held by minor child #1)
Footnotes (2)
- 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.
- F2. PoC Capital, LLC is a California limited liability company managed by the reporting person. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
Key Figures
Tax-withholding shares disposed: 3,062 shares
Disposition price: $4.99 per share
Direct holdings after transaction: 411,400 shares
+5 more
8 metrics
Tax-withholding shares disposed
3,062 shares
Common Shares used to satisfy RSU tax obligations
Disposition price
$4.99 per share
Price for RSU-related tax-withholding disposition
Direct holdings after transaction
411,400 shares
Common Shares held directly by CFO following disposition
Indirect holdings, minor child #1
23,000 shares
Common Shares held indirectly for minor child #1
Indirect holdings, spouse
20,000 shares
Common Shares held indirectly by spouse
Indirect holdings, PoC Capital LLC
40,000 shares
Common Shares held by PoC Capital, LLC managed by CFO
Indirect holdings, minor child #2
7,000 shares
Common Shares held indirectly for minor child #2
Indirect holdings, minor child #3
7,000 shares
Common Shares held indirectly for minor child #3
Key Terms
Restricted Stock Units ("RSUs"), sell to cover, tax withholding obligations, beneficial ownership, +1 more
5 terms
Restricted Stock Units ("RSUs") financial
"tax withholding obligations 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
"Issuer's election to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction"
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 with the vesting"
beneficial ownership financial
"The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein"
FAQ
What did Rezolute (RZLT) CFO Daron Evans report in this Form 4?
Rezolute CFO Daron Evans reported a tax-related share disposition linked to Restricted Stock Unit vesting. 3,062 common shares were disposed of to cover tax withholding obligations through a mandated “sell to cover” arrangement, rather than a discretionary open-market sale.
Was the Rezolute (RZLT) CFO’s Form 4 transaction a discretionary sale?
The filing states the disposition was not discretionary. Shares were sold under the issuer’s election to satisfy tax withholding obligations via a mandatory “sell to cover” transaction connected to Restricted Stock Unit vesting, rather than an elective open-market sale decision by the CFO.
What is the role of PoC Capital LLC in the Rezolute (RZLT) Form 4?
PoC Capital, LLC is identified as a California limited liability company managed by Daron Evans and holding Rezolute shares. The filing notes Evans disclaims beneficial ownership of these securities except to the extent of his pecuniary interest in PoC Capital, LLC.
AI-generated analysis. How Rhea-AI works. Not financial advice.
