Form 4: Acrivon Therapeutics Chief Accounting Officer Reports Stock Transaction
SEC Form 4 Filing
Katharine Peterson, Chief Accounting Officer of Acrivon Therapeutics, reports a transaction involving the withholding of common stock to cover tax obligations.
Summary
- On May 14, 2024, Katharine Peterson, the Chief Accounting Officer of Acrivon Therapeutics, Inc. (ACRV), reported a transaction on Form 4.
- The transaction involved the withholding of 99 shares of common stock at a price of $8.36 per share to satisfy mandatory tax withholding requirements upon the vesting of restricted stock units.
- Following the transaction, Peterson directly owns 4,733 shares of Acrivon Therapeutics common stock.
Sentiment
Score: 5
Explanation: The document is a standard Form 4 filing, indicating a routine transaction for tax purposes. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of compliance for corporate insiders and provide transparency into their transactions in company stock. This transaction is related to tax obligations arising from vested stock units, a common form of executive compensation.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine tax withholding.
Key Dates
| Date | Description |
|---|---|
| 05/14/2024 | Date of stock transaction (tax withholding) |
| 05/16/2024 | Date of signature on the Form 4 filing |
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