Form 4: Absci Corp Executive Todd Bedrick Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Absci Corp's SVP, CAO Todd Bedrick, disposed of 15,606 shares of common stock on October 12, 2024, to cover tax withholding obligations related to the vesting of restricted stock units.
Summary
- On October 12, 2024, Todd Bedrick, SVP, CAO of Absci Corp, disposed of 15,606 shares of common stock.
- The transaction was executed to cover tax withholding obligations associated with the vesting and settlement of restricted stock units.
- The shares were disposed of at a price of $4.07 per share.
- Following the transaction, Bedrick directly owns 139,064 shares of Absci Corp common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an executive's stock transaction for tax purposes. It doesn't inherently convey positive or negative sentiment.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies. Form 4 filings are standard disclosures required by the SEC to provide transparency regarding insider transactions.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| August 29, 2024 | Date of execution for the Limited Power of Attorney. |
| October 12, 2024 | Date of the transaction where shares were disposed of to cover tax obligations. |
| October 16, 2024 | Date of signature for the Form 4 filing. |
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