Sangamo Insider Withholds 723 RSU Shares; Beneficial Ownership 201,222
Rhea-AI Filing Summary
Gregory D. Davis, Head of Research & Technology and an officer of Sangamo Therapeutics, Inc. (SGMO), reported a deemed disposition of 723 shares of the issuer's common stock on 08/24/2025 under Form 4. The transaction code is F and was a mandatory tax-withholding surrender of shares underlying vested restricted stock units (RSUs) using the issuer's closing price on 08/22/2025 of $0.5863 per share; the withholding is treated as a disposition for reporting purposes and not an open-market sale. Following the transaction, the reporting person beneficially owns 201,222 shares. The filing discloses the schedule of remaining RSU vesting installments and notes vesting is subject to continuous service and potential acceleration per the 2018 Equity Incentive Plan.
Positive
- Administrative withholding only: The 723-share disposition was for mandatory tax withholding on vested RSUs, not an open-market sale.
- Detailed vesting disclosure: The filing lists remaining vesting schedules for multiple RSU grants, clarifying future equity interests.
- Compliance with reporting rules: Form 4 filed with attorney-in-fact signature, indicating timely and proper insider disclosure.
Negative
- Reduction in reported shares: A deemed disposition of 723 shares reduced the reporting person's direct holdings for withholding purposes.
- Vesting conditioned on service: Remaining RSU vesting is explicitly subject to continuous service, so future ownership is not guaranteed if service terminates.
Insights
TL;DR: Routine RSU withholding; small disposition and no open-market sale, so minimal immediate market impact.
The Form 4 documents a standard tax-withholding disposition of 723 shares tied to vested RSUs at $0.5863 per share. This is an administrative transaction rather than an active trade, and the reporting person retains 201,222 shares beneficially. The disclosure outlines remaining vesting schedules for multiple RSU awards, indicating a continued executive equity stake that vests over 2025-2026, subject to service conditions. For investors, this is a compliance filing without evidence of intentional liquidity taking.
TL;DR: Filing reflects standard equity-plan mechanics and timely insider reporting; governance practices appear routine.
The submission clarifies that the 723-share disposition was solely for mandatory tax withholding on vested RSUs and was executed per the companys amended Equity Incentive Plan. The form identifies the reporting persons role and details vesting tranches across multiple grants, with continuous service and plan-allowed acceleration provisions noted. Signature by an attorney-in-fact is included, indicating proper execution. No governance red flags or unusual compensation maneuvers are apparent from the disclosed entries.