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

Riccardo Perfetti, Chief Medical Officer of Applied Therapeutics, sold 10,366 shares of common stock to cover tax withholding obligations related to the vesting of restricted stock units.

Summary

• On March 4, 2025, Riccardo Perfetti, the Chief Medical Officer of Applied Therapeutics, Inc., sold 10,366 shares of the company's common stock.
• The shares were sold at a price of $0.44 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 directly owns 890,409 shares of Applied Therapeutics common stock.
• The sale was not a discretionary transaction but rather a 'sell to cover' transaction to satisfy tax obligations.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sale of shares to cover taxes) and doesn't contain any information that would significantly impact investor sentiment positively or negatively.

Industry Context

Sales of shares to cover tax obligations are a routine part of equity compensation plans and are not necessarily indicative of a negative outlook on the company.

Stakeholder Impact

• The sale of shares by an officer could have a minor impact on shareholder perception, but is unlikely to be significant given the reason for the sale.

Key Dates