Form 4: Certara Executive Reports Stock Transactions

Certara, Inc. SVP and General Counsel Daniel Corcoran reported transactions involving restricted stock units and common stock.

Summary

• Daniel Corcoran, SVP and General Counsel of Certara, Inc., reported transactions on April 1, 2026.
• He acquired 10,849 shares of common stock upon the vesting of restricted stock units (RSUs) with a transaction code 'M'.
• These RSUs were originally granted on May 20, 2025, under the Certara, Inc. 2020 Incentive Plan.
• One-third of the RSUs vested on April 1, 2026, with the remaining two-thirds scheduled to vest on April 1, 2027, and April 1, 2028.
• Additionally, 5,751 shares were disposed of (transaction code 'F') to cover tax withholding obligations related to the RSU vesting, with a price of $5.7 per share.
• Following these transactions, Corcoran beneficially owns 21,319 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents routine insider stock transactions related to employee compensation rather than significant strategic shifts or performance indicators.

Positives

• Vesting of restricted stock units indicates continued employee incentive and potential for future share ownership.
• The acquisition of 10,849 shares of common stock demonstrates a direct increase in beneficial ownership for the reporting person.
• The company has a formal incentive plan (Certara, Inc. 2020 Incentive Plan) in place for its employees.

Negatives

• 5,751 shares were disposed of to cover tax withholding obligations, representing a reduction in the number of shares received by the executive after vesting.

Future Outlook

The remaining two-thirds of the restricted stock units are scheduled to vest and settle in equal parts on April 1, 2027, and April 1, 2028, indicating future potential share ownership for the reporting person.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into the holdings and activities of company executives and directors. This filing details a typical RSU vesting and settlement process, including the common practice of withholding shares for tax purposes.

Stakeholder Impact

• Shareholders: Increased transparency into insider holdings and potential future dilution from RSU vesting.
• Employees: The filing confirms the ongoing incentive structure through RSUs for key personnel.
• Management: The reporting person's beneficial ownership in Certara, Inc. has been updated.

Next Steps

• Vesting and settlement of the remaining RSUs on April 1, 2027, and April 1, 2028.

Key Dates

Keywords

Form 4, Certara, Inc., Daniel Corcoran, Restricted Stock Units, RSU Vesting, Stock Transaction, Beneficial Ownership, Insider Trading, SEC Filing, Common Stock, Tax Withholding