Form 4: Certara Executive Reports Stock Transactions
Statement of Changes in Beneficial Ownership
Robert Aspbury, President of Predictive Tech at Certara, Inc., reported transactions involving common stock, including the vesting and settlement of restricted stock units and performance stock units.
Summary
- Robert Aspbury, President of Predictive Tech at Certara, Inc., filed a Form 4 detailing stock transactions on April 1, 2026.
- The transactions include the acquisition of 14,510 shares of common stock with a value of $0, and the disposition of 6,821 shares for $5.70 per share.
- Additional acquisitions of common stock with a value of $0 include 7,852 shares (RSUs), 10,127 shares (RSUs), and 15,188 shares (RSUs).
- Dispositions of shares for tax withholding obligations occurred for 3,691, 4,760, and 7,139 shares, all at a price of $5.70 per share.
- Following these transactions, Aspbury beneficially owns 332,442 shares of Certara's common stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it represents routine insider stock transactions related to equity compensation vesting and tax obligations, rather than significant strategic or financial news.
Positives
- Vesting and settlement of restricted stock units and performance stock units indicate the achievement of performance objectives and continued vesting schedules.
- The acquisition of shares at $0 cost, representing vested equity awards, is a positive outcome for the reporting person.
- The continued beneficial ownership of a significant number of shares (332,442) suggests ongoing commitment to the company.
Negatives
- The disposition of shares to cover tax withholding obligations, while standard, represents a reduction in direct shareholding.
- The filing does not provide details on the performance objectives met for the PSUs, making it difficult to assess the extent of achievement.
Risks
- The filing does not explicitly mention any risks.
- Potential future tax liabilities associated with equity awards could lead to further share dispositions.
Future Outlook
The filing indicates future vesting and settlement of restricted stock units scheduled for April 1, 2027, and April 1, 2028, suggesting continued equity-based compensation tied to vesting schedules.
Industry Context
StockSavvy.ai notes that Form 4 filings are routine disclosures for executives and directors regarding their stock transactions. This filing by a Certara executive is typical for companies with equity-based compensation plans, reflecting standard insider activity rather than a strategic company announcement.
Stakeholder Impact
- Shareholders: The transactions are primarily internal equity settlements and tax withholdings, with no direct indication of immediate impact on share supply or demand beyond routine adjustments.
- Employees: The vesting of RSUs and PSUs reflects the company's compensation structure and employee incentives.
- Management: The reporting person, Robert Aspbury, is managing his equity holdings and associated tax liabilities.
Next Steps
- Continued vesting and settlement of remaining RSUs on April 1, 2027, and April 1, 2028.
- Potential future share dispositions by the reporting person to cover tax withholding obligations upon vesting.
Key Dates
| Date | Description |
|---|---|
| 04/01/2023 | Grant date for certain Performance Stock Units (PSUs) and Restricted Stock Units (RSUs). |
| 01/01/2023 | Start of the three-year performance period for PSUs. |
| 12/31/2025 | End of the three-year performance period for PSUs. |
| 04/01/2024 | Vesting and settlement date for one-third of RSUs granted on April 1, 2023. Grant date for another set of RSUs. |
| 04/01/2025 | Vesting and settlement date for one-third of RSUs granted on April 1, 2023, and one-third of RSUs granted on April 1, 2024. |
| 05/20/2025 | Grant date for a set of restricted stock units. |
| 04/01/2026 | Vesting and settlement date for remaining PSUs and RSUs, and one-third of RSUs granted on May 20, 2025. Transaction date for reported Form 4. |
| 04/01/2027 | Future vesting and settlement date for remaining RSUs granted on April 1, 2024, and one-third of RSUs granted on May 20, 2025. |
| 04/01/2028 | Future vesting and settlement date for the remaining two-thirds of RSUs granted on May 20, 2025. |
| 04/03/2026 | Date of signature for the Form 4 filing. |
Keywords
Form 4, SEC Filing, Certara Inc., CERT, Robert Aspbury, Stock Transaction, Restricted Stock Units, Performance Stock Units, Beneficial Ownership, Equity Awards, Insider Trading
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