Form 4: Absci Corp Executive Todd Bedrick Reports Changes in Beneficial Ownership

Todd Bedrick, SVP, CAO of Absci Corp, reports the withholding of 2,630 common stock shares to cover tax obligations and an increase in holdings through the employee stock purchase plan.

Summary

• On February 1, 2025, Todd Bedrick, SVP, CAO of Absci Corp, reported changes in beneficial ownership of Absci Corp [ABSI] common stock.
• 2,630 shares of common stock were withheld by the issuer to cover tax withholding obligations related to the vesting and settlement of restricted stock units at a price of $3.71.
• Following the transaction, Bedrick directly owns 138,127 shares of Absci Corp common stock, which includes 1,693 shares acquired under the Absci Corporation 2021 Employee Stock Purchase Plan on September 30, 2024.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a routine transaction related to tax obligations and employee stock purchase plan. There is no indication of significant positive or negative sentiment.

Positives

• Bedrick increased his holdings through the employee stock purchase plan, indicating confidence in the company.

Industry Context

This filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies. It provides transparency into the trading activities of company executives.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves the withholding of shares for tax obligations, which is a common practice.

Key Dates