Wave Life Sciences (WVE) CTO logs new stock grants and tax sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Wave Life Sciences Ltd. executive Chandra Vargeese reported new equity awards and a small share sale. On February 5, 2026, Vargeese acquired 45,625 restricted share units, which vest in four annual 25% installments from February 8, 2027 through February 8, 2030. The same day, Vargeese received a stock option for 273,750 ordinary shares at an exercise price of $12.75, vesting 25% on February 8, 2027 and an additional 6.25% quarterly until February 8, 2030. On February 9, 2026, Vargeese sold 3,228 ordinary shares at $13.45 per share solely to cover taxes related to RSU vesting, as required under the RSU agreement. After these transactions, Vargeese directly held 408,246 ordinary shares and 273,750 options.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,228 shares ($43,417)
Net Sell
3 txns
Insider
Vargeese Chandra
Role
See Remarks
Sold
3,228 shs ($43K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 3,228 | $13.45 | $43K |
| Grant/Award | Share Option (right to buy) | 273,750 | $0.00 | -- |
| Grant/Award | Ordinary Shares | 45,625 | $0.00 | -- |
Holdings After Transaction:
Ordinary Shares — 408,246 shares (Direct);
Share Option (right to buy) — 273,750 shares (Direct)
Footnotes (1)
- Consists of restricted share units (RSUs). The RSUs vest in four equal annual installments of 25% on February 8, 2027 through February 8, 2030. Includes 3,162 ordinary shares acquired on July 15, 2025, and January 14, 2026, under the issuer's 2019 Employee Share Purchase Plan. On February 9, 2026, the reporting person sold 3,228 ordinary shares solely to cover taxes associated with the vesting of restricted share units ("RSUs") on February 8, 2026. These sales were made pursuant to a provision in the reporting person's RSU agreement that requires automatic sales of shares to cover tax withholding obligations. The option vests as to 25% of the shares on February 8, 2027, and vests as to an additional 6.25% of the shares quarterly thereafter until February 8, 2030.
FAQ
What insider transactions did WVE executive Chandra Vargeese report?
Chandra Vargeese reported receiving RSUs and stock options and selling shares to cover taxes. The filing shows RSU and option grants on February 5, 2026, and a sale of 3,228 ordinary shares on February 9, 2026, tied to RSU tax withholding.
How many Wave Life Sciences (WVE) RSUs did Chandra Vargeese receive?
Vargeese received 45,625 restricted share units. These RSUs vest in four equal annual installments of 25% each on February 8 from 2027 through 2030, providing a staggered equity incentive over several years tied to continued service.
What stock option grant did WVE report for Chandra Vargeese?
Vargeese was granted an option for 273,750 ordinary shares at an exercise price of $12.75. The option vests 25% on February 8, 2027, then 6.25% quarterly until February 8, 2030, aligning long-term compensation with company performance.
What is Chandra Vargeese’s role at Wave Life Sciences (WVE)?
The filing lists Chandra Vargeese as Chief Technology Officer, Head of Platform Discovery Sciences. This senior leadership role is associated with significant equity-based compensation, including restricted share units and stock options reported in the Form 4.