Form 4: Assembly Biosciences Chief Manufacturing Officer Sells Shares to Cover Tax Obligations

Assembly Biosciences' Chief Manufacturing Officer, Nicole S. White, sold 40 shares of common stock at $16.29 per share to cover tax obligations related to vesting restricted stock units.

Summary

• Nicole S. White, the Chief Manufacturing Officer of Assembly Biosciences, Inc., sold 40 shares of common stock on November 18, 2024.
• The shares were sold at a price of $16.29 per share.
• This transaction was not a discretionary sale but was mandated by an administrative rule to cover tax withholding obligations related to the vesting of restricted stock units.
• Following the transaction, Ms. White directly owns 11,871 shares of Assembly Biosciences common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, not indicative of positive or negative sentiment.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.

Comparison to Industry Standards

• Sell-to-cover transactions are a standard practice for executives receiving equity compensation in publicly traded companies.
• The number of shares sold is relatively small, suggesting this is a routine tax obligation fulfillment rather than a significant change in the executive's investment position.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Assembly Biosciences, insider trading, stock sale, Form 4, Nicole S. White, tax obligations, restricted stock units, share sale, ASMB