Form 4: Chimerix CEO Michael Andriole Sells Shares to Cover Tax Obligations

Chimerix CEO Michael Andriole sold 2,350 shares of common stock on January 30, 2025, to cover tax liabilities incurred from vesting restricted stock units.

Summary

• On January 30, 2025, Michael T. Andriole, the President and CEO of Chimerix Inc. (CMRX), sold 2,350 shares of the company's common stock.
• The shares were sold at a weighted average price of $4.1005 per share, with individual transactions ranging from $4.08 to $4.12.
• The sale was executed to cover Mr. Andriole's tax obligations arising from the vesting of restricted stock units granted on January 17, 2023.
• The sale was conducted under an automatic sell-to-cover arrangement pursuant to Rule 10b5-1.
• Following the transaction, Mr. Andriole directly owns 616,973 shares of Chimerix Inc.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (selling shares to cover taxes). It doesn't indicate any significant positive or negative sentiment.

Industry Context

This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock units vest.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates