Sangamo (SGMO) Insider Tax-Withholding Disposition Reduces Holdings by 1,792
Rhea-AI Filing Summary
Sangamo Therapeutics insider Prathyusha Duraibabu, SVP and Chief Financial Officer, reported a routine disposition on 08/24/2025 of 1,792 shares of common stock. The shares were surrendered to the company solely to satisfy mandatory tax withholding on RSUs using the closing price of $0.5863 per share on 08/22/2025. Following the transaction the reporting person beneficially owns 744,487 shares, which include multiple RSU grants that vest over time: installments from a 02/24/2023 grant, a 01/22/2024 grant, and a 02/25/2025 grant, each subject to continuous service and plan terms.
Positive
- Continued significant ownership: Reporting person retains 744,487 shares after the withholding transaction, indicating ongoing alignment with shareholders.
- Clear vesting schedule disclosed: Multiple RSU grants and their vesting timelines through early 2026 are explicitly detailed.
Negative
- Shares surrendered for tax withholding: 1,792 shares were disposed of to satisfy taxes, reducing immediate beneficial holdings.
- Vesting subject to continuous service: Future share realizations depend on ongoing employment and potential plan acceleration provisions.
Insights
TL;DR: A tax-withholding stock surrender reduced holdings by 1,792 shares; remaining ownership remains substantial and tied to time-based RSU vesting.
This Form 4 reports a non-discretionary disposition for tax withholding, not an open-market sale, which is standard for RSU vesting events. The reporting person still holds 744,487 shares, comprised largely of time-based RSU grants with scheduled vesting through early 2026. For investors, this is an administrative insider filing that does not indicate a change in trading intent or liquidity events beyond required withholding.
TL;DR: Transaction reflects routine compliance with equity plan withholding rules; no departure or novel compensation action disclosed.
The disclosure clarifies that the disposition is a deemed sale solely to satisfy tax obligations under the 2018 Equity Incentive Plan. The detailed vesting schedule and continued service condition are disclosed, including potential acceleration per the plan. This transparency aligns with Section 16 reporting expectations and shows no immediate governance or compensation policy concerns in the filing itself.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,792 | $0.5863 | $1K |
Footnotes (1)
- Represents shares underlying the portion of a restricted stock unit ("RSU") grant that vested on August 24, 2025, which were surrendered by the Reporting Person solely for mandatory tax withholding purposes using the Issuer's closing stock price on August 22, 2025 of $0.5863/share, pursuant to the terms of the Issuer's Amended and Restated 2018 Equity Incentive Plan, as amended (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: (a) 3,218 shares resulting from the August 24, 2025 vesting installment of the Reporting Person's February 24, 2023 RSU grant, and the remaining 10,020 shares will vest in successive equal quarterly installments through February 24, 2026, (b) 178,125 shares subject to the Reporting Person's January 22, 2024 RSU grant that will vest in successive equal quarterly installments through January 22, 2026 and (c) 120,000 shares subject to Reporting Person's February 25, 2025 RSU grant that will vest as to one-quarter (1/4) of the shares on February 25, 2026, and the remainder of the shares will vest in 8 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.
