Form 4: Disc Medicine COO Jonathan Yu Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Disc Medicine's Chief Operating Officer, Jonathan Yen-Wen Yu, sold 1,610 shares of common stock to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On February 18, 2025, Jonathan Yen-Wen Yu, the Chief Operating Officer of Disc Medicine, Inc. (IRON), sold 1,610 shares of the company's common stock.
- The sale was executed at a price of $54.58 per share.
- This transaction was conducted to cover tax withholding obligations associated with the vesting of restricted stock units granted on January 10, 2024.
- Following the transaction, Yu directly owns 40,555 shares of Disc Medicine common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sell to cover taxes) and doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading activity and are closely watched by investors for signals about management's confidence in the company's prospects. This particular transaction appears to be a standard 'sell to cover' to meet tax obligations, which is a common practice.
Key Dates
| Date | Description |
|---|---|
| 2024-01-10 | Date of grant for restricted stock units that triggered the tax obligation. |
| 2025-02-18 | Date of the stock sale transaction. |
| 2025-02-20 | Date of signature for the Form 4 filing. |
Keywords
Disc Medicine, IRON, Jonathan Yu, Chief Operating Officer, Form 4, Stock Sale, Tax Withholding, Restricted Stock Units, Beneficial Ownership
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