Syndax (SNDX) CFO sells 1,177 shares to cover RSU tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Syndax Pharmaceuticals Inc Chief Financial Officer Keith A. Goldan reported an open-market sale of 1,177 shares of common stock at $18.99 per share. According to the footnote, these shares were required to be sold to cover tax withholding obligations from the vesting of restricted stock units. Following the transaction, he held 139,252 shares directly, indicating this was a small, tax-related adjustment rather than a large discretionary sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,177 shares ($22,351)
Net Sell
1 txn
Insider
Goldan Keith A.
Role
Chief Financial Officer
Sold
1,177 shs ($22K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,177 | $18.99 | $22K |
Holdings After Transaction:
Common Stock — 139,252 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 1,177 shares
Sale price: $18.99 per share
Shares held after sale: 139,252 shares
3 metrics
Shares sold
1,177 shares
Open-market sale to cover tax withholding on RSU vesting
Sale price
$18.99 per share
Price for the 1,177 Syndax common shares sold
Shares held after sale
139,252 shares
Direct ownership by CFO Keith A. Goldan following the transaction
Key Terms
restricted stock units, tax withholding obligations, open-market sale
3 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"
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What insider transaction did Syndax (SNDX) report for its CFO?
Syndax reported that CFO Keith A. Goldan sold 1,177 shares of common stock. The sale was made at $18.99 per share to cover tax withholding from vesting restricted stock units, a routine administrative transaction rather than a large discretionary sale.
What does the Form 4 transaction code mean for Syndax (SNDX) CFO’s sale?
The Form 4 uses code “S,” indicating a sale in an open market or private transaction. However, the footnote clarifies the sale’s purpose was to cover tax withholding from restricted stock unit vesting, which typically carries weaker informational value for investor sentiment.