Sagimet Biosciences (NASDAQ: SGMT) insider sells 10,545 shares for taxes
Rhea-AI Filing Summary
Sagimet Biosciences Inc. reported that Chief Legal & Admin. Officer Elizabeth Rozek sold 10,545 shares of Series A Common Stock on July 20, 2026, at a weighted average price of $7.7603 per share in transactions between $7.76 and $7.88.
The report states that these shares were automatically sold to cover tax withholding obligations related to vesting restricted stock units and were not at Rozek’s discretion. After these sales, she directly holds 224,414 shares of Sagimet stock.
Positive
- None.
Negative
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Insider Trade Summary
Net Seller: 10,545 shares
Net Sell
1 txn
Insider
Rozek Elizabeth
Role
Chief Legal & Admin. Officer
Sold
10,545 shs ($82K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Series A Common Stock F1, F2 | 10,545 | $7.7603 | $82K |
Holdings After Transaction:
Series A Common Stock — 224,414 shares (Direct)
Footnotes (2)
- F1. Represents shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units. These sales were automatic and not in the discretion of the Reporting Person.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.76 to $7.88, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.
Key Figures
Shares sold: 10,545 shares
Weighted average sale price: $7.7603 per share
Sale price range: $7.76 to $7.88 per share
+1 more
4 metrics
Shares sold
10,545 shares
Series A Common Stock sold on July 20, 2026 to cover tax withholding
Weighted average sale price
$7.7603 per share
Weighted average price across multiple sale transactions
Sale price range
$7.76 to $7.88 per share
Range of prices for the multiple transactions comprising the sale
Shares held after transaction
224,414 shares
Direct ownership by Elizabeth Rozek following the reported sale
Key Terms
restricted stock units, tax withholding obligations, weighted average price, Series A Common Stock
4 terms
restricted stock units financial
"in connection with the vesting of restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"shares required to be sold ... to cover tax withholding obligations"
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Series A Common Stock financial
"security_title": "Series A Common Stock""
Series A common stock is a specific class of a company’s ordinary shares issued during an early formal funding round, carrying the ownership rights and voting power tied to that class. For investors it signals an early-stage equity claim with potential upside if the business grows, but also greater risk and typically less liquidity than shares in mature, publicly traded firms—imagine buying a seat on a startup’s team before the company has proven itself.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Sagimet Biosciences (SGMT) disclose for Elizabeth Rozek?
Sagimet Biosciences disclosed that Chief Legal & Admin. Officer Elizabeth Rozek sold 10,545 shares of Series A Common Stock. The sale occurred on July 20, 2026, at a weighted average price of $7.7603 per share in multiple trades between $7.76 and $7.88.
Does the Sagimet (SGMT) filing mention a Rule 10b5-1 trading plan for this sale?
The document’s Rule 10b5-1 checkbox is not marked as a plan trade. Footnotes instead attribute the transaction to automatic tax withholding sales linked to RSU vesting, without referencing any pre-arranged Rule 10b5-1 trading plan for these specific transactions.