Form 4: Chimerix CEO Michael Andriole Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Chimerix CEO Michael Andriole sold 7,370 shares of common stock on February 13, 2025, to cover tax liabilities incurred from vesting of restricted stock units.
Summary
- Michael Andriole, the President and CEO of Chimerix Inc., sold 7,370 shares of common stock on February 13, 2025.
- The sale was executed at a weighted average price of $4.5159 per share, with individual transactions ranging from $4.505 to $4.545.
- The shares were sold to cover Andriole's tax liability resulting from the vesting of restricted stock units granted on February 1, 2024.
- The sale was conducted under an automatic sell-to-cover arrangement pursuant to Rule 10b5-1.
- Following the transaction, Andriole directly owns 609,603 shares of Chimerix Inc. common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction is a routine sale to cover tax obligations and doesn't necessarily indicate a change in the executive's confidence in the company.
Industry Context
Form 4 filings are routine disclosures of transactions by company insiders and are closely watched by investors for insights into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 02/01/2024 | Date of restricted stock unit award grant. |
| 02/13/2025 | Date of stock sale transaction. |
| 02/14/2025 | Date of Form 4 filing. |
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