Vir Biotechnology (VIR) CFO restructures 5,000 shares via family trust transfer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vir Biotechnology EVP & CFO Jason O'Byrne reported an internal restructuring of 5,000 shares of Common Stock, described as a transfer without consideration for estate planning purposes. The filing shows 2,500 shares moved from his direct holdings and 2,500 shares recorded as indirectly held.
After these transactions, O'Byrne holds 160,115 shares directly and 2,500 shares indirectly through the O'Byrne Family Trust, where he and his spouse serve as trustees. The Form 4 does not reflect any open‑market buying or selling, but rather a non-cash reallocation of ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
O'Byrne Jason
Role
EVP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 2,500 | $0.00 | -- |
| Other | Common Stock | 2,500 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 160,115 shares (Direct);
Common Stock — 2,500 shares (Indirect, See Footnote)
Footnotes (1)
- Transfer without consideration for estate planning purposes. The shares are held in the name of the O'Byrne Family Trust, of which the Reporting Person and his spouse are Trustees.
FAQ
What insider transaction did Vir Biotechnology (VIR) disclose for Jason O'Byrne?
Vir Biotechnology disclosed that EVP & CFO Jason O'Byrne reported an internal restructuring of 5,000 Common Stock shares. The Form 4 characterizes this as an “other” transaction, not a market buy or sell, linked to estate planning and entity-level ownership changes.
What is the role of the O'Byrne Family Trust in the Vir Biotechnology (VIR) filing?
The filing states that 2,500 Vir Biotechnology shares are held in the name of the O'Byrne Family Trust. Jason O'Byrne and his spouse are trustees of this trust, and the transaction is described as a transfer without consideration carried out for estate planning purposes.
What does transaction code J mean in the Vir Biotechnology (VIR) Form 4?
Transaction code J in the Form 4 is labeled as “Other acquisition or disposition.” In this Vir Biotechnology filing, both J-coded entries are further explained by footnotes as a transfer without consideration, related to estate planning and movement of shares involving the O'Byrne Family Trust.
Does the Vir Biotechnology (VIR) Form 4 indicate any cash proceeds for Jason O'Byrne?
The Form 4 notes that the restructuring involved a transfer without consideration, suggesting no cash proceeds to Jason O'Byrne. The reported transactions reclassify how 5,000 shares are held between direct ownership and the O'Byrne Family Trust, rather than reflecting a market trade.