Xeris COO has 21,918 shares withheld for taxes
Xeris Biopharma Holdings, Inc. (XERS) reported an insider equity-tax event by President and Chief Operating Officer Kevin McCulloch.
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Rhea-AI Filing Summary
Xeris Biopharma Holdings, Inc. (XERS) reported an insider equity-tax event by President and Chief Operating Officer Kevin McCulloch. On August 1, 2026, 21,918 shares of common stock were withheld by the company at $8.08 per share to satisfy income tax and withholding obligations on vested restricted stock units. After this tax-withholding disposition, McCulloch directly held 1,654,208 shares of common stock. An additional 25,000 shares are reported as indirectly owned by his spouse, with McCulloch disclaiming beneficial ownership except to the extent of his pecuniary interest.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 21,918 | $8.08 | $177K |
| holding | Common Stock F2 | -- | -- | -- |
Footnotes (2)
- 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.
- F2. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
Key Figures
Key Terms
net settlement financial
restricted stock units financial
pecuniary interest financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transaction did Kevin McCulloch report in this Form 4 for XERS?
Was the XERS Form 4 transaction an open-market sale by Kevin McCulloch?
Was the XERS Form 4 transaction under a Rule 10b5-1 trading plan?
AI-generated analysis. How Rhea-AI works. Not financial advice.