Vir Biotechnology (VIR) CEO granted options, RSUs and sells 19K shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vir Biotechnology, Inc. director and CEO Marianne De Backer reported both equity awards and a small share sale. On February 22, 2026, she received 570,000 stock options and 285,000 restricted stock units under the company’s equity plan, with options vesting 25% on February 22, 2027 and the rest in 36 monthly installments.
On February 23, 2026, 19,039 common shares were sold at $7.4528 per share in an automatic sale under a Rule 10b5-1 arrangement to cover tax withholding from RSU vesting, described as not a discretionary trade. After these transactions, she directly owned 1,035,466 common shares and indirectly held 53,118 shares via the Ureel-De Backer Family Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 19,039 shares ($141,894)
Net Sell
4 txns
Insider
De Backer Marianne
Role
Chief Executive Officer
Sold
19,039 shs ($142K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 19,039 | $7.4528 | $142K |
| Grant/Award | Stock Option (Right to Buy) | 570,000 | $0.00 | -- |
| Grant/Award | Common Stock | 285,000 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,035,466 shares (Direct);
Stock Option (Right to Buy) — 570,000 shares (Direct);
Common Stock — 53,118 shares (Indirect, See Footnote)
Footnotes (1)
- Acquisition of restricted stock units (RSUs) pursuant to the Issuer's Equity Incentive Plan. Represents an automatic and mandatory sale of shares under a Rule 10b5-1 arrangement to satisfy the Issuer's tax withholding obligations in connection with the vesting of RSUs. The sale does not represent a discretionary trade by the Reporting Person. The shares are held in the name of the Ureel-De Backer Family Trust, of which the Reporting Person and her spouse are Trustees. 25% of the shares subject to the stock option will vest and become exercisable on February 22, 2027, and the remaining shares will vest in 36 equal monthly installments thereafter.
FAQ
What insider transactions did Vir Biotechnology (VIR) report for Marianne De Backer?
Vir Biotechnology reported that CEO Marianne De Backer received stock option and RSU awards and had an automatic sale of 19,039 shares. The sale was to cover tax withholding from RSU vesting and was not considered a discretionary trade by her.
What equity awards did the Vir Biotechnology (VIR) CEO receive in this Form 4 filing?
The CEO received 570,000 stock options and 285,000 restricted stock units in Vir Biotechnology common stock. These awards were granted under the company’s equity incentive plan and represent non-cash compensation rather than open-market share purchases by the executive.
What is the vesting schedule for the Vir Biotechnology (VIR) CEO’s new stock options?
For the CEO’s 570,000 stock options, 25% will vest and become exercisable on February 22, 2027. The remaining options will vest in 36 equal monthly installments after that date, creating a multi-year incentive structure tied to continued service.
Was the Vir Biotechnology (VIR) CEO’s stock sale a discretionary decision?
The 19,039-share sale was not a discretionary decision by the CEO. It was described as an automatic and mandatory sale under a Rule 10b5-1 plan, executed solely to cover tax withholding obligations related to the vesting of previously granted restricted stock units.