[Form 4] Vir Biotechnology, Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vir Biotechnology, Inc. Chief Executive Officer Marianne De Backer reported an automatic sale of common stock tied to tax withholding. On this transaction date, 14,762 shares of common stock were sold in an open-market transaction at an average price of $9.5326 per share under a Rule 10b5-1 arrangement to satisfy the company’s tax withholding obligations related to vesting restricted stock units, and the filing states the sale was not a discretionary trade by her. After this sale, she held 1,020,704 shares of Vir Biotechnology common stock directly and 53,118 shares indirectly through the Ureel-De Backer Family Trust, where she and her spouse serve as trustees.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 14,762 shares ($140,720)
Net Sell
2 txns
Insider
De Backer Marianne
Role
Chief Executive Officer
Sold
14,762 shs ($141K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 14,762 | $9.5326 | $141K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,020,704 shares (Direct);
Common Stock — 53,118 shares (Indirect, See Footnote)
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. The shares are held in the name of the Ureel-De Backer Family Trust, of which the Reporting Person and her spouse are Trustees.