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

Michelle LaSpaluto, CFO of Chimerix, Inc., sold 1,015 shares of common stock on January 30, 2025, to cover tax liabilities incurred from vesting restricted stock units.

Summary

• On January 30, 2025, Michelle LaSpaluto, the Chief Financial Officer of Chimerix, Inc. (CMRX), sold 1,015 shares of the company's common stock.
• The sale was executed at a price of $4.11 per share.
• This transaction was conducted to cover the tax liability resulting from the vesting of restricted stock units granted on January 17, 2023.
• The sale was made under an automatic sell-to-cover arrangement pursuant to Rule 10b5-1.
• Following the transaction, LaSpaluto directly owns 175,237 shares of Chimerix common stock.

Sentiment

Score: 5

Explanation: Neutral. This is a routine transaction related to tax obligations and doesn't necessarily reflect a positive or negative outlook on the company.

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. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on current market information.

Stakeholder Impact

• The sale of shares by an executive could be perceived negatively by some shareholders, but the pre-planned nature of the sale mitigates this concern.

Key Dates