Rezolute CCO sells 2,267 shares for tax withholding
Rezolute’s chief commercial officer reported a mandatory sell-to-cover tax transaction tied to RSU vesting, with direct and retirement account holdings disclosed.
Rhea-AI Filing Summary
Rezolute, Inc. (RZLT) reported that Chief Commercial Officer Sunil Ratilal Karnawat had 2,267 Common Shares disposed of on September 2, 2026 at $4.50 per share to cover tax withholding obligations arising from the vesting and settlement of Restricted Stock Units. This issuer-mandated "sell to cover" transaction is described as non-discretionary for the reporting person. Following the transaction, he held 69,275 Common Shares directly, plus 8,000 shares in an Individual Retirement Account and 1,898 shares in a Health Savings Account.
Positive
- None.
Negative
- None.
Insider Trade Summary
Tax Withholding: 2,267 shares
Tax Withholding
3 txns
Insider
Karnawat Sunil Ratilal
Role
Chief Commercial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares F1 | 2,267 | $4.50 | $10K |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 69,275 shares (Direct);
Common Shares — 8,000 shares (Indirect, Held in Individual Retirement Account);
Common Shares — 1,898 shares (Indirect, Held in Health Savings Account)
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: 2,267 shares
Per-share value for tax-withholding shares: $4.50 per share
Direct Common Shares after transaction: 69,275 shares
+2 more
5 metrics
Shares disposed for tax withholding
2,267 shares
Common Shares disposed of on September 2, 2026 to cover tax withholding on RSU vesting
Per-share value for tax-withholding shares
$4.50 per share
Value used for the 2,267 Common Shares disposed on September 2, 2026
Direct Common Shares after transaction
69,275 shares
Direct holdings of the reporting person following the September 2, 2026 disposition
IRA Common Shares (indirect)
8,000 shares
Common Shares held indirectly in an Individual Retirement Account
HSA Common Shares (indirect)
1,898 shares
Common Shares held indirectly in a Health Savings Account
Key Terms
sell to cover, Restricted Stock Units ("RSUs"), tax withholding obligations
3 terms
sell to cover financial
"funded by a "sell to cover" transaction and does not represent"
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.
Restricted Stock Units ("RSUs") financial
"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.
tax withholding obligations financial
"shares disposed of by the Reporting Person to cover tax withholding obligations"
FAQ
What insider transaction did Rezolute (RZLT) disclose for Sunil Ratilal Karnawat?
Rezolute disclosed that Chief Commercial Officer Sunil Ratilal Karnawat had 2,267 Common Shares disposed of on September 2, 2026 to cover tax withholding obligations related to the vesting and settlement of RSUs, via an issuer-mandated "sell to cover" transaction.
What indirect Rezolute (RZLT) holdings does the reporting person have?
The reporting person has 8,000 Common Shares held in an Individual Retirement Account and 1,898 Common Shares held in a Health Savings Account, both reported as indirect ownership positions.
Was the Rezolute (RZLT) insider transaction under a Rule 10b5-1 trading plan?
The filing indicates the Rule 10b5-1 checkbox is not affirmed, and the footnote explains the transaction was mandated by the issuer’s election to use a "sell to cover" mechanism for tax withholding, rather than a discretionary trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
