Form 4: Bicycle Therapeutics COO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Alistair Milnes, COO of Bicycle Therapeutics PLC, sold 972 ordinary shares to cover tax withholding obligations related to the vesting and settlement of Restricted Stock Units (RSUs).
Summary
- On October 3, 2024, Alistair Milnes, the Chief Operating Officer of Bicycle Therapeutics PLC, sold 972 ordinary shares of the company.
- The sale was executed to cover statutory tax withholding obligations associated with the vesting and settlement of RSUs.
- The shares were sold at a weighted average price of $22.26, with individual transactions ranging from $21.91 to $22.56.
- Following the transaction, Milnes directly owns 70,302 ordinary shares of Bicycle Therapeutics PLC.
- The sale was mandated by Milnes' award agreement, which requires tax obligations to be funded through a 'sell to cover' transaction.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sell to cover taxes) and doesn't indicate any significant positive or negative sentiment.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among company executives and employees.
Key Dates
| Date | Description |
|---|---|
| 10/03/2024 | Date of the share sale transaction. |
| 10/04/2024 | Date of signature for the Form 4 filing. |
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