Whitehawk Therapeutics (WHWK) CEO sells 14,500 shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Whitehawk Therapeutics, Inc. director and chief executive officer David James Lennon reported selling 14,500 shares of common stock on April 9, 2026 at $3.38 per share. According to the filing, this broker-assisted sale was made solely to satisfy tax withholding obligations tied to vesting restricted stock units. After the transaction, he directly holds 518,622 shares of Whitehawk common stock.
Positive
- None.
Negative
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Insider Trade Summary
Net Seller: 14,500 shares ($49,010)
Net Sell
1 txn
Insider
Lennon David James
Role
CHIEF EXECUTIVE OFFICER
Sold
14,500 shs ($49K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 14,500 | $3.38 | $49K |
Holdings After Transaction:
Common Stock — 518,622 shares (Direct)
Footnotes (1)
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Key Figures
Shares sold: 14,500 shares
Sale price per share: $3.38 per share
Shares held after transaction: 518,622 shares
3 metrics
Shares sold
14,500 shares
Common Stock sold on April 9, 2026
Sale price per share
$3.38 per share
Broker-assisted sale to cover tax withholding
Shares held after transaction
518,622 shares
Direct holdings after reported sale
Key Terms
broker-assisted sale, restricted stock units, tax withholding obligations, open-market sale
4 terms
broker-assisted sale financial
"Represents a broker-assisted sale to satisfy the Reporting Person's tax withholding obligations"
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
"sale to satisfy the Reporting Person's tax withholding obligations"
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What insider transaction did WHWK CEO David James Lennon report?
David James Lennon reported selling 14,500 shares of Whitehawk Therapeutics common stock. The shares were sold at $3.38 each in a broker-assisted sale to cover tax withholding obligations arising from vesting restricted stock units, rather than a discretionary open-market liquidation.
What was the sale price in the Whitehawk Therapeutics (WHWK) insider trade?
The 14,500 Whitehawk Therapeutics shares were sold at $3.38 per share. This price applies to the broker-assisted sale executed to cover the CEO’s tax withholding obligations on vesting restricted stock units, as described in the accompanying Form 4 footnote disclosure.
Does the WHWK Form 4 indicate any option exercises or derivative trades?
The disclosed Form 4 shows no derivative security transactions or option exercises. The derivativeSummary section is empty, and the only reported activity is a single non-derivative common stock sale related to tax withholding on vested restricted stock units for Whitehawk’s chief executive officer.