CYTK.NASDAQCytokinetics INC

Form 4: Cytokinetics VP, Chief Accounting Officer Reports Stock Disposals to Cover Tax Obligations

Sentiment:

SEC Form 4 Filing

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Robert Wong, VP, Chief Accounting Officer of Cytokinetics Inc., reports disposals of common stock to cover withholding obligations related to vesting Restricted Stock Units.

Summary

  • On March 4, 2024, Robert Wong disposed of 1,783 shares of Cytokinetics Inc. common stock at a price of $67.68 per share to cover withholding obligations.
  • Following this transaction, Wong directly owns 26,442 shares of Cytokinetics Inc. common stock.
  • On March 6, 2024, Robert Wong disposed of 857 shares of Cytokinetics Inc. common stock at a price of $66.88 per share to cover withholding obligations.
  • Following this transaction, Wong directly owns 25,585 shares of Cytokinetics Inc. common stock.
  • The disposals were not sales by the reporting person but rather shares withheld to satisfy tax obligations related to the vesting of Restricted Stock Units.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to stock transactions for tax purposes, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.

Stakeholder Impact

  • The transactions have a minimal impact on shareholders as they are related to tax obligations and do not represent a significant change in ownership.

Key Dates

DateDescription
03/04/2024Disposal of 1,783 shares of common stock at $67.68 per share.
03/06/2024Disposal of 857 shares of common stock at $66.88 per share.
03/07/2024Signature date of the report.

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