Vir Biotechnology (VIR) CEO auto-sells 72,559 shares to cover RSU tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vir Biotechnology, Inc. President and CEO Marianne De Backer had 72,559 shares of common stock automatically sold on 2026-04-06 at $9.156 per share. The footnotes state this sale occurred under a Rule 10b5-1 arrangement solely to satisfy the company’s tax withholding obligations related to vesting restricted stock units, and did not represent a discretionary trade by her.
After these transactions, she directly holds 948,145 shares of Vir Biotechnology common stock and indirectly holds 53,118 shares through the Ureel-De Backer Family Trust, where she and her spouse serve as trustees.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 72,559 shares ($664,350)
Net Sell
2 txns
Insider
De Backer Marianne
Role
President and CEO
Sold
72,559 shs ($664K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 72,559 | $9.156 | $664K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 948,145 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.
Key Figures
Shares sold: 72,559 shares
Sale price: $9.156 per share
Direct holdings after transaction: 948,145 shares
+2 more
5 metrics
Shares sold
72,559 shares
Automatic sale on 2026-04-06 to cover tax withholding
Sale price
$9.156 per share
Price for 72,559 Vir Biotechnology common shares
Direct holdings after transaction
948,145 shares
Vir Biotechnology common stock directly owned by CEO after sale
Indirect holdings after transaction
53,118 shares
Held via Ureel-De Backer Family Trust
Net shares sold
72,559 shares
Net-sell direction in transaction summary
Key Terms
Rule 10b5-1 arrangement, restricted stock units, tax withholding obligations, Family Trust, +1 more
5 terms
Rule 10b5-1 arrangement regulatory
"automatic and mandatory sale of shares under a Rule 10b5-1 arrangement"
restricted stock units financial
"in connection with the vesting of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"to satisfy the Issuer's tax withholding obligations in connection"
Family Trust financial
"held in the name of the Ureel-De Backer Family Trust"
indirect ownership financial
"ownership_type": "indirect""
FAQ
What did Vir Biotechnology (VIR) CEO Marianne De Backer report in this Form 4?
Marianne De Backer reported an automatic sale of 72,559 Vir Biotechnology shares at $9.156 each. The filing explains this was to cover tax withholding on vesting restricted stock units under a Rule 10b5-1 arrangement, not a discretionary trade.
What role does the Ureel-De Backer Family Trust play in Vir Biotechnology (VIR) holdings?
The Ureel-De Backer Family Trust holds 53,118 Vir Biotechnology shares indirectly for CEO Marianne De Backer. The filing notes that she and her spouse are trustees of this trust, indicating those shares are reported as indirect beneficial ownership.
What is the significance of the Rule 10b5-1 arrangement in this Vir Biotechnology (VIR) filing?
The filing states the sale was under a Rule 10b5-1 arrangement, meaning it followed a pre-set plan. This plan automatically sold 72,559 shares to cover tax withholding on restricted stock unit vesting, reducing the informational weight of the sale’s timing.