Vir Biotechnology (VIR) CFO reports tax share sale and new grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vir Biotechnology EVP & CFO Jason O'Byrne reported a mix of automatic tax-related sales and new equity awards. A total of 2,089 shares of common stock were sold on an open-market basis at $7.4528 per share under a Rule 10b5-1 arrangement solely to cover tax withholding on vesting restricted stock units, and the sale was not a discretionary trade.
On the prior day, O'Byrne received 55,000 shares of common stock as a restricted stock unit grant under the company’s equity incentive plan, bringing his common stock holdings to 166,338 shares at that time. He also received a stock option for 110,000 shares, with 25% vesting on February 22, 2027 and the remainder vesting in 36 equal monthly installments thereafter.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,089 shares ($15,569)
Net Sell
3 txns
Insider
O'Byrne Jason
Role
EVP & Chief Financial Officer
Sold
2,089 shs ($16K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,089 | $7.4528 | $16K |
| Grant/Award | Stock Option (Right to Buy) | 110,000 | $0.00 | -- |
| Grant/Award | Common Stock | 55,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 164,249 shares (Direct);
Stock Option (Right to Buy) — 110,000 shares (Direct)
Footnotes (1)
- Acquisition of restricted stock units (RSUs) pursuant to the Issuer's Equity Incentive Plan. Includes 637 shares of common stock acquired by the Reporting Person on November 28, 2025, pursuant to an employee stock purchase program. 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. 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 Jason O'Byrne?
Jason O'Byrne reported an automatic sale of 2,089 Vir Biotechnology common shares at $7.4528 per share to cover tax withholding, plus grants of 55,000 restricted stock units and a stock option for 110,000 shares under the company’s equity incentive plan.
What new equity awards did Vir Biotechnology (VIR) grant to its CFO?
Vir Biotechnology granted its CFO 55,000 shares of common stock through restricted stock units and a stock option covering 110,000 shares. The grants were made under the company’s equity incentive plan as part of his compensation, according to the Form 4 disclosure.
How will the new Vir Biotechnology (VIR) stock option for the CFO vest?
The 110,000-share stock option for Vir Biotechnology’s CFO vests over time. Twenty-five percent of the option becomes exercisable on February 22, 2027, with the remaining shares vesting in 36 equal monthly installments after that initial vesting date.
What do the Vir Biotechnology (VIR) Form 4 footnotes reveal about these transactions?
Footnotes explain the RSUs were granted under the equity incentive plan, the sale was an automatic Rule 10b5-1 tax-withholding transaction, and the stock option vests 25% on February 22, 2027 with the rest vesting monthly over 36 months afterward.