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

Riccardo Perfetti, Chief Medical Officer of Applied Therapeutics, sold 110,804 shares of common stock to cover tax withholding obligations related to the vesting and settlement of restricted stock units.

Summary

• On March 14, 2024, Riccardo Perfetti, the Chief Medical Officer of Applied Therapeutics, Inc. (APLT), sold 110,804 shares of the company's common stock.
• The sale was executed to cover tax withholding obligations associated with the vesting and settlement of compensatory Restricted Stock Units.
• The shares were sold at a weighted average price of $5.39, with individual transactions ranging from $5.37 to $5.54.
• Following the transaction, Perfetti directly owns 1,031,537 shares of Applied Therapeutics common stock.

Sentiment

Score: 5

Explanation: The document describes a routine stock sale to cover tax obligations, which is neither particularly positive nor negative.

Industry Context

Form 4 filings are a routine part of insider trading activity and are required by the SEC to provide transparency into the transactions of company executives and directors. This sale appears to be related to tax obligations, which is a common reason for such transactions.

Stakeholder Impact

• The sale of shares by a company executive could have a minor negative impact on shareholder sentiment, although this is likely to be minimal given the stated reason for the sale.

Key Dates