Veracyte (VCYT) CSMO has shares withheld for RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
VERACYTE, INC. Chief Scientific & Medical Officer Phillip G. Febbo reported a routine share disposition tied to equity compensation. On June 2, 2026, 3,730 shares of common stock were withheld at $47.80 per share to cover tax withholding obligations from vesting restricted stock units, and the company notes this does not represent a market sale. Following this tax withholding event, Febbo directly holds 149,797 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
1 transaction reported
Mixed
1 txn
Insider
Febbo Phillip G.
Role
Chief Scientific & Med Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,730 | $47.80 | $178K |
Holdings After Transaction:
Common Stock — 149,797 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Tax-withheld shares: 3,730 shares
Reporting share price: $47.80 per share
Shares held after transaction: 149,797 shares
+1 more
4 metrics
Tax-withheld shares
3,730 shares
Common Stock withheld for tax on RSU vesting on June 2, 2026
Reporting share price
$47.80 per share
Value used for tax-withholding disposition of 3,730 shares
Shares held after transaction
149,797 shares
Direct common stock holdings after June 2, 2026 withholding
Tax-withholding transactions
1 transaction, 3,730 shares
Aggregate tax withholding activity in this Form 4
Key Terms
restricted stock units, tax withholding obligations, Common Stock, tax-withholding disposition
4 terms
restricted stock units financial
"in connection with the vesting of certain restricted stock units on June 2, 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
"withheld to satisfy the Reporting Person's tax withholding obligations in connection with the vesting"
Common Stock financial
"Represents shares of common stock withheld to satisfy the Reporting Person's tax withholding obligations"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transaction did Veracyte (VCYT) report for Phillip G. Febbo?
Veracyte reported that Chief Scientific & Medical Officer Phillip G. Febbo had 3,730 common shares withheld on June 2, 2026. The shares covered tax obligations from vesting restricted stock units and were not sold in the open market.
Was the Veracyte (VCYT) Form 4 transaction an open-market sale?
No, the Form 4 states the 3,730 Veracyte common shares were withheld for tax obligations. The footnote clarifies this withholding related to restricted stock unit vesting and "does not represent a sale" into the market.
What does the F transaction code mean in the Veracyte (VCYT) Form 4?
The F code indicates a tax-withholding disposition, where shares are delivered to satisfy tax or exercise obligations. In this Veracyte filing, 3,730 shares were withheld for taxes on vesting restricted stock units and were not sold in the market.