CTKB.NASDAQCytek Biosciences, INC

Form 4: Cytek Biosciences CEO Wenbin Jiang Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

📋All filings for Cytek Biosciences, INC
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Wenbin Jiang, CEO of Cytek Biosciences, reports transactions involving restricted stock units and common stock on March 10, 2025.

Summary

  • On March 10, 2025, Wenbin Jiang, the President and CEO of Cytek Biosciences, executed transactions involving the company's stock.
  • These transactions included the vesting of restricted stock units (RSUs) and the subsequent withholding of shares to cover tax obligations.
  • Specifically, 15,708 and 29,467 RSUs vested, converting into common stock.
  • A total of 4,658 and 7,998 shares were withheld by Cytek Biosciences at a price of $4.36 per share to satisfy tax obligations related to the RSU vesting.
  • Following these transactions, Jiang directly owns 5,224,911 shares of Cytek Biosciences common stock and 265,206 restricted stock units.

Sentiment

Score: 5

Explanation: This is a neutral filing, simply reporting stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives holding company stock and receiving equity-based compensation. It provides transparency into management's holdings and trading activity.

Stakeholder Impact

  • The transactions have a minor impact on shareholders as they reflect the CEO's compensation and tax obligations.

Key Dates

DateDescription
May 18, 2023Initial vesting date for 2/48 of the total shares underlying one of the RSU Awards.
August 18, 2023Initial vesting date for 3/48 of the total shares underlying one of the RSU Awards.
November 18, 2023Initial vesting date for 3/48 of the total shares underlying one of the RSU Awards.
March 10, 2024Initial vesting date for 4/48 of the total shares underlying one of the RSU Awards.
May 18, 2024Initial vesting date for 2/48 of the total shares underlying one of the RSU Awards.
August 18, 2024Initial vesting date for 3/48 of the total shares underlying one of the RSU Awards.
November 18, 2024Initial vesting date for 3/48 of the total shares underlying one of the RSU Awards.
March 10, 2025Date of the reported transactions, including RSU vesting and tax withholding; Initial vesting date for 4/48 of the total shares underlying one of the RSU Awards.
March 12, 2025Date of the form's signature.

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