Vir Biotechnology (VIR) CFO executes automatic 10b5-1 share sale for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vir Biotechnology EVP & CFO Jason O'Byrne reported an automatic sale of 1,634 shares of common stock in an open-market transaction on February 24, 2026 at an average price of $9.5326 per share. According to the disclosure, this was a mandatory sale under a Rule 10b5-1 plan to cover the company’s tax withholding obligations tied to the vesting of restricted stock units, and not a discretionary trade by O'Byrne. After this tax-related sale, he beneficially owned 162,615 shares of Vir Biotechnology common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,634 shares ($15,576)
Net Sell
1 txn
Insider
O'Byrne Jason
Role
EVP & Chief Financial Officer
Sold
1,634 shs ($16K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,634 | $9.5326 | $16K |
Holdings After Transaction:
Common Stock — 162,615 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Vir Biotechnology (VIR) report for Jason O'Byrne?
Vir Biotechnology reported that EVP & CFO Jason O'Byrne automatically sold 1,634 shares of common stock. The sale occurred under a Rule 10b5-1 plan to satisfy tax withholding obligations from restricted stock unit vesting, rather than as a discretionary trade.
What is the purpose of the Rule 10b5-1 sale disclosed by Vir Biotechnology (VIR)?
The Rule 10b5-1 sale was executed to satisfy Vir Biotechnology’s tax withholding obligations when Jason O'Byrne’s restricted stock units vested. The filing clarifies the sale was automatic and mandatory, meaning it was not a discretionary investment decision by the executive.