Xeris Biopharma (XERS) CEO holds 2,898,933 shares
Rhea-AI Filing Summary
Xeris Biopharma Holdings, Inc. (XERS) reported that its Chief Executive Officer and Chairman, Shannon John Patrick Jr, had 36,645 shares of common stock withheld on August 1, 2026. The shares were withheld by the company to satisfy income tax and withholding obligations upon net settlement of vested restricted stock units, not as an open-market sale. After this tax-withholding transaction, Patrick Jr directly holds 2,898,933 shares of XERS common stock.
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Insider Trade Summary
Net Seller: 36,645 shares
Net Sell
1 txn
Insider
Shannon John Patrick Jr
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 36,645 | $8.08 | $296K |
Holdings After Transaction:
Common Stock — 2,898,933 shares (Direct)
Footnotes (1)
- F1. Represents shares that have been withheld by the Issuer to satisfy its income tax and withholding and remittance obligations in connection with the net settlement of restricted stock units vested as of August 1, 2026.
Key Figures
Shares withheld for tax: 36,645 shares
Per-share value for withholding: $8.08 per share
Shares held after transaction: 2,898,933 shares
3 metrics
Shares withheld for tax
36,645 shares
Common stock withheld on August 1, 2026 to satisfy tax and withholding obligations
Per-share value for withholding
$8.08 per share
Value used for the Code F tax-withholding disposition of 36,645 shares
Shares held after transaction
2,898,933 shares
Total Xeris Biopharma common shares directly held by Shannon John Patrick Jr after the transaction
Key Terms
restricted stock units, net settlement, withheld by the Issuer
3 terms
restricted stock units financial
"in connection with the net settlement of restricted stock units vested"
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.
net settlement financial
"in connection with the net settlement of restricted stock units vested"
withheld by the Issuer financial
"Represents shares that have been withheld by the Issuer to satisfy"
FAQ
What insider transaction did XERS report for Shannon John Patrick Jr on August 1, 2026?
Xeris Biopharma Holdings, Inc. reported that 36,645 shares of XERS common stock were withheld on August 1, 2026 to cover income tax and withholding obligations related to the net settlement of vested restricted stock units held by CEO and Chairman Shannon John Patrick Jr.
Was the August 1, 2026 XERS insider transaction an open-market sale?
No. The Form 4 states the Code F transaction was a payment of tax liability by delivering or withholding securities. The 36,645 shares were withheld by Xeris Biopharma to satisfy tax and withholding obligations from vested restricted stock units, not sold on the open market.
What is the transaction code used in the August 1, 2026 XERS Form 4 filing?
The transaction is coded F, described as payment of tax liability by delivering or withholding securities. A footnote clarifies that the issuer withheld the shares to satisfy income tax and withholding obligations from net settlement of vested restricted stock units.
AI-generated analysis. How Rhea-AI works. Not financial advice.