Form 4: 2seventy bio Executive Sells Shares to Cover Tax Obligations
SEC Form 4
Jessica Snow, a Senior Vice President at 2seventy bio, sold 649 shares of common stock to cover tax withholding obligations related to vesting restricted stock units.
Summary
- Jessica Snow, Senior Vice President of Quality and Enabling Functions at 2seventy bio, Inc. (TSVT), sold 649 shares of common stock on June 3, 2024.
- The sale was executed to cover tax withholding obligations incurred in connection with the vesting of restricted stock units.
- The shares were sold at a weighted average price of $4.1823, with individual transactions ranging from $4.12 to $4.25.
- Following the transaction, Snow directly owns 55,622 shares of 2seventy bio stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily reflect a positive or negative outlook on the company's performance.
Industry Context
This is a routine Form 4 filing, indicating a transaction by a company insider. Such filings are common and provide transparency into the trading activities of company executives.
Key Dates
| Date | Description |
|---|---|
| 06/03/2024 | Date of the stock sale transaction. |
| 06/05/2024 | Date of signature on the Form 4 filing. |
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