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

Chimerix CEO Michael Andriole sold 1,285 shares of common stock on August 8, 2024, to cover tax liabilities incurred from vesting restricted stock units.

Summary

• On August 8, 2024, Michael T. Andriole, the President and CEO of Chimerix Inc. (CMRX), sold 1,285 shares of common stock.
• The sale was executed at a weighted average price of $0.8285 per share, with individual transactions ranging from $0.82681 to $0.8343.
• This transaction was made to cover the reporting person's tax liability incurred upon the vesting of shares subject to a restricted stock unit award granted on August 1, 2023.
• The sales were made pursuant to an automatic sell-to-cover arrangement adopted under Rule 10b5-1.
• Following the transaction, Andriole directly owns 462,453 shares of Chimerix Inc.
• This includes 16,717 shares acquired under the Issuer's Employee Stock Purchase Plan (the 'ESPP') on March 08, 2024.

Sentiment

Score: 6

Explanation: The document is neutral. It reports a routine transaction (stock sale for tax purposes) by an executive, which doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This sale appears to be related to tax obligations and doesn't necessarily indicate a change in the executive's confidence in the company.

Key Dates