Sangamo (SGMO) CEO reports RSU withholding — 7,488 shares at $0.5863
Rhea-AI Filing Summary
Sangamo Therapeutics (SGMO) director and President & CEO Sandy Macrae reported a Form 4 disclosing a tax-withholding disposition tied to RSU vesting. On 08/24/2025, 7,488 shares were surrendered for mandatory tax withholding at the issuer's closing price of $0.5863 per share. The filing reports 2,183,972 shares beneficially owned following the transaction. The disposition reflects vested restricted stock units from prior grants and is described as a required withholding action under the company’s 2018 Equity Incentive Plan rather than an open-market sale. The filing details remaining scheduled vesting for multiple RSU grants, with specific vesting installments through February 2026 and January 2026 and contingent on continuous service.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine tax-withholding disposition for vested RSUs by CEO; procedural, not a discretionary sale.
The Form 4 documents a standard Section 16 reportable event: RSU vesting followed by mandatory share surrender to satisfy tax withholding. The transaction code and explanation confirm this was not an open-market trade but an internal withholding pursuant to the 2018 Equity Incentive Plan. Reporting of 2,183,972 shares beneficially owned provides a current ownership snapshot. For compliance reviewers, the filing is complete with transaction date, price used for withholding, and signature by attorney-in-fact.
TL;DR: Disclosure details vesting schedules and remaining RSU tranches; useful for modeling future dilution but not an immediate liquidity event.
The explanation enumerates multiple RSU grants: the August 24, 2025 vesting installment (7,259 shares from a 2023 grant) and larger grants from 2024 and 2025 with scheduled quarterly vesting through January and February 2026 and beyond. These vesting schedules are conditional on continuous service and may be accelerated only as provided by the 2018 EIP. This transparency helps forecast potential future share releases but the current transaction solely addresses withholding obligations.