Form 4: Editas Medicine EVP, CHIEF MEDICAL OFFICER Baisong Mei Sells Shares to Cover Tax Obligations
SEC Form 4
Baisong Mei, EVP, CHIEF MEDICAL OFFICER of Editas Medicine, sold 511 shares of common stock on June 4, 2024, to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On June 4, 2024, Baisong Mei, the EVP, CHIEF MEDICAL OFFICER of Editas Medicine, sold 511 shares of common stock.
- The sale was executed at a price of $5.4956 per share.
- The transaction was conducted to meet tax withholding obligations resulting from the vesting of restricted stock units on June 2, 2024.
- Following the transaction, Mei directly owns 141,032 shares of Editas Medicine.
- The sale was carried out under a pre-arranged automatic sales instruction plan adopted on June 14, 2022.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover tax obligations) and does not contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives and are generally not indicative of the company's performance or future prospects.
Key Dates
| Date | Description |
|---|---|
| 06/14/2022 | Date of adoption of the durable automatic sales instruction plan. |
| 06/02/2024 | Date of vesting in restricted stock units, triggering tax withholding obligations. |
| 06/04/2024 | Date of the stock sale transaction. |
| 06/06/2024 | Date of signature on the Form 4 filing. |
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