Sarepta (SRPT) EVP sees 830 shares withheld for tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sarepta Therapeutics, Inc. executive vice president and general counsel Cristin Rothfuss reported routine share dispositions related to tax withholding. The company withheld a total of 830 shares of common stock at $16.95 per share to cover tax obligations on restricted stock units that vested from grants dated March 7, 2022 and March 6, 2023. Following these tax-withholding entries, Rothfuss directly holds 138,518 shares of Sarepta common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Rothfuss Cristin
Role
EVP, General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 484 | $16.95 | $8K |
| Tax Withholding | Common Stock | 346 | $16.95 | $6K |
Holdings After Transaction:
Common Stock — 138,864 shares (Direct)
Footnotes (1)
- Shares were withheld by the Company to satisfy tax withholding obligations related to vesting of restricted stock units granted on March 7, 2022. Shares were withheld by the Company to satisfy tax withholding obligations related to vesting of restricted stock units granted on March 6, 2023.
FAQ
What insider transaction did Sarepta (SRPT) EVP Cristin Rothfuss report?
Cristin Rothfuss reported routine tax-related share dispositions. Sarepta withheld 830 shares of common stock to satisfy tax obligations tied to vesting restricted stock units granted in 2022 and 2023, rather than selling shares in an open-market trade.
Were the Sarepta (SRPT) insider transactions open-market sales?
The transactions were not open-market sales. According to the filing, Sarepta withheld shares to satisfy tax withholding obligations on vesting restricted stock units, a non-market mechanism classified under code “F” for payment of tax liability using securities.
Which Sarepta (SRPT) equity awards triggered the tax withholding for Cristin Rothfuss?
The tax withholding arose from restricted stock units that vested from two prior grants. One grant was dated March 7, 2022, and the other March 6, 2023, with shares withheld upon vesting to cover required tax obligations.
What does transaction code “F” mean in Cristin Rothfuss’s Sarepta (SRPT) Form 4?
Transaction code “F” indicates shares used to pay an exercise price or tax liability. In this case, Sarepta withheld common shares at $16.95 each to satisfy Rothfuss’s tax obligations when her restricted stock units from 2022 and 2023 vested.