Vir Biotechnology (VIR) officer logs automatic 1,530-share tax-withholding sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vir Biotechnology, Inc. executive Brent Sabatini, the SVP and Chief Accounting Officer, reported an automatic sale of 1,530 shares of common stock. The shares were sold in an open-market transaction at $7.79 per share to satisfy tax withholding obligations tied to vesting restricted stock units, under a Rule 10b5-1 arrangement.
The filing notes this was a mandatory, non-discretionary sale rather than a voluntary trade by Sabatini. After the transaction, he directly owned 47,872 shares of Vir Biotechnology common stock, reflecting his continuing equity stake in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,530 shares ($11,919)
Net Sell
1 txn
Insider
Sabatini Brent
Role
SVP, Chief Accounting Officer
Sold
1,530 shs ($12K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,530 | $7.79 | $12K |
Holdings After Transaction:
Common Stock — 47,872 shares (Direct)
Footnotes (1)
- 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 restricted stock units. The sale does not represent a discretionary trade by the Reporting Person. Includes 2,290 and 485 shares of common stock acquired by the Reporting Person on May 30, 2025 and November 28, 2025, respectively, pursuant to an employee stock purchase program.
FAQ
What insider transaction did Vir Biotechnology (VIR) report for Brent Sabatini?
Vir Biotechnology reported that SVP and Chief Accounting Officer Brent Sabatini automatically sold 1,530 shares of common stock. The sale was executed under a Rule 10b5-1 arrangement to cover tax withholding from vesting restricted stock units, not as a discretionary trade.
What is the purpose of the Rule 10b5-1 arrangement mentioned in the Vir Biotechnology (VIR) filing?
The Rule 10b5-1 arrangement in this case governs automatic sales of shares to cover tax withholding when restricted stock units vest. For Vir Biotechnology SVP Brent Sabatini, it triggered the mandatory sale of 1,530 shares, ensuring required tax obligations were met without a discretionary trading decision.