Form 4: Applied Therapeutics' Chief Medical Officer Sells Shares to Cover Tax Obligations

Riccardo Perfetti, Chief Medical Officer of Applied Therapeutics, sold 22,681 shares of common stock to cover tax withholding obligations related to the vesting of restricted stock units.

Summary

• On August 22, 2024, Riccardo Perfetti, the Chief Medical Officer of Applied Therapeutics, Inc. (APLT), sold 22,681 shares of the company's common stock.
• The shares were sold at a price of $5.83 per share.
• This transaction was executed to cover tax withholding obligations associated with the vesting and settlement of compensatory Restricted Stock Units.
• Following the transaction, Perfetti still beneficially owns 986,853 shares of Applied Therapeutics common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to a stock sale for tax purposes, which is a neutral event.

Industry Context

Executive stock sales are a common occurrence, often related to compensation and tax planning. It's important to consider the size of the sale relative to the executive's total holdings and the overall market context.

Stakeholder Impact

• The sale of shares could have a minor impact on shareholders due to the increased supply of shares in the market, but the impact is likely to be minimal given the relatively small number of shares sold.

Key Dates