Sangamo Therapeutics (SGMO) CEO surrenders RSU shares to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sangamo Therapeutics CEO Sandy Macrae reported a tax-withholding disposition of 12,613 shares of Common Stock. These shares came from a restricted stock unit (RSU) grant vesting on May 25, 2026 and were surrendered to the company solely to cover mandatory taxes at $0.1743 per share.
The filing notes this is treated as a disposition to the issuer for reporting purposes but is not a discretionary open-market trade. After this transaction, Macrae holds 1,895,043 shares directly. The vesting event included 22,543 shares from a February 25, 2025 RSU grant, with 246,094 additional RSU shares scheduled to vest in seven equal quarterly installments, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Macrae Sandy
Role
PRESIDENT, CEO AND DIRECTOR
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 12,613 | $0.1743 | $2K |
Holdings After Transaction:
Common Stock — 1,895,043 shares (Direct, null)
Footnotes (1)
- Represents shares underlying the portion of an RSU grant that vested on May 25, 2026, which were surrendered by the Reporting Person solely for mandatory tax withholding purposes using the Issuer's closing stock price on May 25, 2026 of $0.1743/share, pursuant to the terms of the 2018 EIP. This required tax withholding transaction is deemed to constitute a disposition of these shares to the Issuer for reporting purposes and does not represent a discretionary trade by the Reporting Person in the open market or otherwise. Includes: 22,543 shares from the May 25, 2026 vesting installment of the Reporting Person's February 25, 2025 RSU grant and the remaining 246,094 shares will vest in 7 successive equal quarterly installments thereafter. The vesting of all such RSU grants is subject to the Reporting Person's Continuous Service (as defined in the 2018 EIP) through each such date and subject to acceleration as provided in the 2018 EIP.
Key Figures
Tax-withholding shares: 12,613 shares
Withholding price: $0.1743 per share
Shares held after transaction: 1,895,043 shares
+2 more
5 metrics
Tax-withholding shares
12,613 shares
Common Stock surrendered for mandatory tax withholding on May 25, 2026
Withholding price
$0.1743 per share
Issuer's closing stock price on May 25, 2026 used for tax calculation
Shares held after transaction
1,895,043 shares
Direct common stock ownership following tax-withholding disposition
RSU shares vested
22,543 shares
Portion of February 25, 2025 RSU grant vested on May 25, 2026
Unvested RSU balance
246,094 shares
To vest in seven successive equal quarterly installments after May 25, 2026
Key Terms
RSU, 2018 EIP, Continuous Service, tax withholding transaction
4 terms
RSU financial
"Represents shares underlying the portion of an RSU grant that vested on May 25, 2026"
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
2018 EIP financial
"pursuant to the terms of the 2018 EIP"
Continuous Service financial
"The vesting of all such RSU grants is subject to the Reporting Person's Continuous Service"
tax withholding transaction financial
"This required tax withholding transaction is deemed to constitute a disposition"
FAQ
What insider transaction did Sangamo Therapeutics (SGMO) report for Sandy Macrae?
Sandy Macrae reported surrendering 12,613 Sangamo shares to cover taxes on vested RSUs. The disposition went back to the company and is treated as a reporting event, not an open-market trade or discretionary sale.
Was the Sandy Macrae SGMO Form 4 trade an open-market sale?
No, the Form 4 shows a mandatory tax-withholding disposition, not an open-market sale. Shares from a vesting RSU grant were delivered to Sangamo to satisfy withholding taxes at $0.1743 per share.
What RSU vesting details are disclosed for Sandy Macrae at Sangamo (SGMO)?
The filing notes 22,543 shares vested on May 25, 2026 from a February 25, 2025 RSU grant. Another 246,094 RSU shares are scheduled to vest in seven equal quarterly installments, contingent on continued service.
How was the tax-withholding price determined in the SGMO Form 4?
Tax-withholding shares were valued using Sangamo’s $0.1743 per share closing price on May 25, 2026. That price determined how many RSU shares Sandy Macrae needed to surrender to cover his mandatory tax obligations.