Vir SVP gets stock grants and tax-related share sale
Vir Biotechnology SVP and Chief Accounting Officer Brent Sabatini reported both equity awards and an automatic tax-related sale of company stock.
Rhea-AI Filing Summary
Vir Biotechnology SVP and Chief Accounting Officer Brent Sabatini reported both equity awards and an automatic tax-related sale of company stock. He received a grant of 25,000 shares of common stock as restricted stock units under Vir’s equity incentive plan and a stock option for 50,000 shares at an exercise price of $0.0000 per share. According to the vesting terms, 25% of the option will vest on February 22, 2027, with the remaining shares vesting in 36 equal monthly installments afterward. On February 23, 2026, 1,829 shares of common stock were sold at an average price of $7.4528 per share under a Rule 10b5-1 arrangement to satisfy tax withholding obligations tied to RSU vesting, and the filing states this sale was not a discretionary trade. After the tax-related sale, Sabatini directly owned 71,043 shares of Vir common stock, in addition to the newly granted 50,000 stock options.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,829 | $7.4528 | $14K |
| Grant/Award | Stock Option (Right to Buy) | 50,000 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 25,000 | $0.00 | $0.00 |
Footnotes (3)
- F1. Acquisition of restricted stock units (RSUs) pursuant to the Issuer's Equity Incentive Plan.
- F2. 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.v
- F3. 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
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What insider transactions did Vir Biotechnology (VIR) report for Brent Sabatini?
What new stock option grant did Brent Sabatini receive from Vir Biotechnology (VIR)?
What restricted stock unit (RSU) award did Vir Biotechnology (VIR) grant to Brent Sabatini?
Was Brent Sabatini’s Vir Biotechnology (VIR) stock sale a discretionary trade?
AI-generated analysis. How Rhea-AI works. Not financial advice.