Form 4: Centessa Pharmaceuticals Officer Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
David M. Chao, Chief Administrative Officer of Centessa Pharmaceuticals plc, disposed of 10,385 ordinary shares to cover tax withholding obligations related to the vesting of restricted share units.
Summary
- On June 30, 2024, David M. Chao, the Chief Administrative Officer of Centessa Pharmaceuticals plc, disposed of 10,385 ordinary shares.
- The transaction was executed to cover tax withholding obligations associated with the vesting of restricted share units.
- The shares were disposed of at a price of $9.03 per share.
- Following the transaction, Chao directly owns 262,601 ordinary shares of Centessa Pharmaceuticals plc.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so it doesn't significantly impact sentiment.
Industry Context
Form 4 filings are standard practice for company insiders reporting transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/30/2024 | Date of the transaction where 10,385 ordinary shares were disposed of. |
| 07/02/2024 | Date of signature for the Form 4 filing. |
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