Tax-driven SOPHiA GENETICS (NASDAQ: SOPH) share sale under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SOPHiA GENETICS SA Executive Chairman Jurgi Camblong reported an open-market sale of 17,685 Ordinary Shares at an average price of $5.2772 per share. According to the filing, the shares were sold to satisfy tax withholding obligations tied to restricted stock units that vested on July 3, 2026, under a pre-established Rule 10b5-1(c) trading plan. After this transaction, Camblong directly holds 3,541,122 Ordinary Shares, indicating the sale is small relative to his remaining stake and was executed on a non-discretionary basis.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 17,685 shares ($93,327)
Net Sell
1 txn
Insider
Camblong Jurgi
Role
Executive Chairman
Sold
17,685 shs ($93K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 17,685 | $5.2772 | $93K |
Holdings After Transaction:
Ordinary Shares — 3,541,122 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares sold: 17,685 shares
Sale price: $5.2772 per share
Shares held after transaction: 3,541,122 shares
+3 more
6 metrics
Shares sold
17,685 shares
Open-market sale on July 7, 2026
Sale price
$5.2772 per share
Average price for Ordinary Shares sold
Shares held after transaction
3,541,122 shares
Direct ownership after July 7, 2026 sale
Transaction type
Open-market sale
Non-derivative Ordinary Shares
Plan type
Rule 10b5-1(c) trading plan
Pre-established, non-discretionary sale arrangement
Tax-related nature
Sale for tax withholding
Obligations from RSU vesting on July 3, 2026
Key Terms
Rule 10b5-1(c) trading plan, restricted stock units, tax withholding obligations, open-market sale
4 terms
Rule 10b5-1(c) trading plan financial
"These sales were effected pursuant to a pre-established Rule 10b5-1(c) trading plan adopted by the Reporting Person"
A Rule 10b5-1(c) trading plan is a legally defined, pre-set schedule that lets company insiders automatically buy or sell stock at specified times or under set formulas when they are not in possession of undisclosed, sensitive information. Think of it like an automatic payment plan for trades: because the instructions are written in advance, trades under the plan help protect insiders from allegations of trading on secret information and give investors clearer expectations about when insiders will transact, which can affect liquidity and perceived transparency.
restricted stock units financial
"tax withholding obligations arising in connection with the vesting of restricted stock units on July 3, 2026"
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 sold by the Reporting Person in the open market to satisfy tax withholding obligations"
open-market sale financial
"Represents shares sold by the Reporting Person in the open market to satisfy tax withholding obligations"
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 SOPHiA GENETICS (SOPH) disclose?
SOPHiA GENETICS disclosed that Executive Chairman Jurgi Camblong sold 17,685 Ordinary Shares at $5.2772 per share. The filing notes the sale was linked to tax withholding on vested restricted stock units and executed under a pre-established Rule 10b5-1(c) trading plan.
Was the SOPHiA GENETICS (SOPH) insider sale discretionary or under a plan?
The sale was executed under a pre-established Rule 10b5-1(c) trading plan adopted by Camblong. The filing states these trades were made to satisfy tax withholding on vested restricted stock units and explicitly notes they do not represent discretionary trading decisions.