Form 4: Absci Corp CEO Sean McClain Reports Stock Transaction
SEC Form 4 Filing
Absci Corp CEO Sean McClain reports the withholding of shares to cover tax obligations and disclaims beneficial ownership of shares held by Brittany McClain except for pecuniary interest.
Summary
- On February 1, 2025, Absci Corp CEO Sean McClain reported a transaction involving the withholding of 16,991 shares of common stock by the issuer to cover tax obligations related to the vesting and settlement of restricted stock units.
- The price per share for the transaction was $3.71.
- Following the transaction, McClain directly owns 8,194,421 shares of Absci Corp common stock.
- McClain also indirectly owns 2,269,987 shares held by Brittany McClain, but disclaims beneficial ownership except to the extent of any pecuniary interest, as these shares are subject to a voting agreement and proxy.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing regarding stock transactions, indicating a neutral sentiment.
Industry Context
This is a routine filing related to executive compensation and tax obligations. It doesn't necessarily reflect broader industry trends.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in the number of shares held by the CEO.
Key Dates
| Date | Description |
|---|---|
| 02/01/2025 | Date of stock transaction (tax withholding). |
| 02/04/2025 | Date of signature by attorney-in-fact. |
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