Sarepta COO has 24.8K shares withheld for taxes
Sarepta’s COO had shares withheld for taxes upon RSU vesting, and continues to hold a substantial direct equity position.
Rhea-AI Filing Summary
Sarepta Therapeutics, Inc. (SRPT) reported that Chief Operating Officer Ian Michael Estepan had 24,799 shares of common stock withheld on September 4, 2026 to satisfy tax withholding obligations related to the vesting of restricted stock units granted on September 3, 2025. The shares were valued at $22.22 per share for this withholding transaction, and Estepan now directly holds 177,184 shares of Sarepta common stock. No Rule 10b5-1 trading plan is reported for this transaction.
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Insights
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Insider Trade Summary
Tax Withholding: 24,799 shares
Tax Withholding
1 txn
Insider
Estepan Ian Michael
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 24,799 | $22.22 | $551K |
Holdings After Transaction:
Common Stock — 177,184 shares (Direct)
Footnotes (1)
- F1. Shares were withheld by the Company to satisfy tax withholding obligations related to vesting of restricted stock units granted on September 3, 2025.
Key Figures
Shares withheld for taxes: 24,799 shares
Withholding valuation price: $22.22 per share
Shares held after transaction: 177,184 shares
+2 more
5 metrics
Shares withheld for taxes
24,799 shares
Common stock withheld on September 4, 2026 to satisfy tax withholding obligations
Withholding valuation price
$22.22 per share
Valuation used for the 24,799 shares withheld for tax obligations
Shares held after transaction
177,184 shares
Direct common stock holdings of COO Ian Michael Estepan following the transaction
Transaction date
September 4, 2026
Date of the tax-withholding disposition of common stock
RSU grant date
September 3, 2025
Date the restricted stock units that vested and triggered tax withholding were granted
Key Terms
restricted stock units, tax withholding obligations, Rule 10b5-1 trading plan
3 terms
restricted stock units financial
"vesting of restricted stock units granted on September 3, 2025"
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
"to satisfy tax withholding obligations related to vesting of restricted stock units"
Rule 10b5-1 trading plan regulatory
"No Rule 10b5-1 trading plan is reported for this transaction"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
FAQ
What insider transaction did Sarepta Therapeutics (SRPT) disclose for its COO?
Sarepta disclosed that COO Ian Michael Estepan had 24,799 shares of common stock withheld on September 4, 2026 to cover tax withholding obligations arising from the vesting of restricted stock units granted on September 3, 2025.
Was the Sarepta (SRPT) COO’s Form 4 transaction a market sale?
No. The Form 4 reports a code F transaction, meaning 24,799 shares were withheld by Sarepta to pay tax withholding obligations tied to RSU vesting, rather than an open-market sale of shares by the COO.
Were the Sarepta (SRPT) COO’s transactions under a Rule 10b5-1 trading plan?
No. The filing indicates that the Rule 10b5-1 checkbox is not marked, so this withholding transaction is reported without being made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.