Tax-withholding share sale by Solid Biosciences (SLDB) director reported
Rhea-AI Filing Summary
Solid Biosciences Inc. director Ilan Ganot reported a small net sale of shares mainly tied to restricted stock unit vesting and tax withholding.
An entity associated with his wife sold 2,658 shares of common stock in an open-market transaction at a weighted average price of $5.8233 per share, with individual trades ranging from $5.23 to $6.14. According to the disclosure, this sale was made to cover withholding taxes after previously granted restricted stock units vested and followed a durable automatic sales instruction adopted by Ms. Ganot, so it was not a discretionary trade.
On the same date, 4,861 restricted stock units held by Ms. Ganot converted into an equal number of common shares at no exercise price, reflecting the one-for-one RSU-to-share ratio. After these transactions, Mr. Ganot’s reported holdings include shares held individually, jointly with his spouse, and 19,394 shares held in the Ilan Ganot 2017 Irrevocable Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,658 | $5.8233 | $15K |
| Exercise | Restricted Stock Units | 4,861 | $0.00 | -- |
| Exercise | Common Stock | 4,861 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Restricted stock units convert into common stock on a one-for-one basis. Represents 95,255 shares held by Mr. Ganot as an individual, and 4,042 shares held by Mr. Ganot and Annie Ganot as joint tenants with right of survivorship. This sale was made to cover withholding taxes following the vesting of the previously granted restricted stock units pursuant to a durable automatic sales instruction letter adopted by Ms. Ganot on September 25, 2024 effecting the sell-to-cover election. The sale does not represent a discretionary trade by Ms. Ganot. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.23 to $6.14, 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 set forth in footnote (4) to this Form. Represents 19,394 shares held by Adam Ganot and Annie Ganot, and their successors, as the trustees for the Ilan Ganot 2017 Irrevocable Trust dated March 3, 2017. On February 13, 2024 (the "Grant Date") Ms. Ganot was granted 19,444 restricted stock units, vesting in four equal installments on the anniversary of the Grant Date.
