Form 4: Catalyst Pharmaceuticals Director Molly Harper Reports Stock Unit Vesting
SEC Form 4 Filing
Director Molly Harper reports vesting of restricted stock units in Catalyst Pharmaceuticals, resulting in the acquisition of 1,333 shares.
Summary
- On December 27, 2024, Molly Harper, a director of Catalyst Pharmaceuticals, Inc., reported the vesting of restricted stock units.
- This transaction resulted in the acquisition of 1,333 shares of common stock.
- Following the transaction, Harper directly owns 2,746 shares of common stock.
- Harper also directly owns 131,274 derivative securities in the form of restricted stock units.
- The restricted stock units vest in three equal tranches annually on December 27, 2023, 2024, and 2025.
- Shares of common stock are required to be delivered to the Reporting Person within sixty days of vesting.
Sentiment
Score: 5
Explanation: This is a neutral event, reflecting a standard vesting of stock units. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the holdings and transactions of company insiders.
Stakeholder Impact
- The vesting of restricted stock units may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 12/27/2023 | First tranche vesting date for restricted stock units (1/3rd) |
| 12/27/2024 | Second tranche vesting date for restricted stock units (1/3rd); transaction date |
| 12/27/2025 | Third tranche vesting date for restricted stock units (1/3rd) |
| 12/31/2024 | Date of signature for the Form 4 filing |
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