Form 4: Coherus BioSciences CEO Dennis Lanfear Reports Stock Transaction
SEC Form 4 Filing
Coherus BioSciences CEO Dennis Lanfear disposed of 11,810 shares to cover tax obligations related to vesting restricted stock units.
Summary
- Dennis M. Lanfear, the President and CEO of Coherus BioSciences, Inc., reported a transaction involving the company's stock.
- On January 4, 2025, Mr. Lanfear disposed of 11,810 shares of common stock at a price of $1.66 per share.
- These shares were automatically withheld by the company to cover tax liabilities associated with the vesting of restricted stock units.
- The transaction did not involve a sale by Mr. Lanfear.
- Following the transaction, Mr. Lanfear directly owns 696,884 shares, and indirectly owns 432,684 shares through a trust and 86,965 shares through an LLC.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to an insider transaction. It does not indicate any positive or negative sentiment about the company's performance.
Industry Context
This is a routine filing related to insider transactions and is common for executives who receive stock-based compensation. It does not indicate any change in the company's performance or outlook.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, and this transaction is typical for executives receiving stock-based compensation.
- Similar transactions are regularly reported by executives at comparable biotech companies such as Amgen, Biogen, and Gilead Sciences.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine tax-related stock disposal.
Key Dates
| Date | Description |
|---|---|
| 01/04/2025 | Date of the stock transaction where 11,810 shares were disposed of to cover tax liabilities. |
| 01/07/2025 | Date the Form 4 was signed by Bryan McMichael, as Attorney-in-Fact for Dennis M. Lanfear. |
Keywords
Coherus BioSciences, Dennis Lanfear, stock transaction, Form 4, insider trading, restricted stock units, tax liability
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