Form 4: Chimerix CFO Michelle LaSpaluto Sells Shares to Cover Tax Obligations

Michelle LaSpaluto, CFO of Chimerix, Inc., sold 2,260 shares of common stock on February 13, 2025, to cover tax liabilities incurred from vesting of restricted stock units.

Summary

• On February 13, 2025, Michelle LaSpaluto, the Chief Financial Officer of Chimerix, Inc. (CMRX), sold 2,260 shares of the company's common stock.
• The sale was executed at a weighted average price of $4.5113 per share, with individual transactions ranging from $4.5 to $4.515.
• The total number of shares beneficially owned by LaSpaluto following the transaction is 172,977.
• The sale 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 February 1, 2024.
• The sales of the shares were made pursuant to an automatic sell-to-cover arrangement adopted pursuant to Rule 10b5-1 under the Exchange Act in connection with the grant of such restricted stock unit award.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sale of shares to cover tax obligations) and does not contain any information that would significantly impact investor sentiment positively or negatively.

Industry Context

Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives and are generally viewed as routine transactions.

Stakeholder Impact

• The sale of shares by the CFO could have a minor dilutive effect on existing shareholders, but the impact is likely insignificant given the small number of shares involved.

Key Dates

Keywords

Chimerix, CMRX, Michelle LaSpaluto, Form 4, SEC Filing, Stock Sale, Insider Trading, Rule 10b5-1, Restricted Stock Units, Tax Liability