Form 4: Gossamer Bio CEO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Gossamer Bio's CEO, Faheem Hasnain, sold shares of common stock to cover tax obligations related to vesting restricted stock units.
Summary
- On March 27, 2024, Faheem Hasnain, the President and CEO of Gossamer Bio, Inc., sold 23,172 shares of common stock.
- The sale was executed to satisfy tax withholding obligations related to the vesting of restricted stock units.
- The shares were sold at a weighted average price of $1.1554 per share, with individual trades ranging from $1.1603 to $1.1551.
- Following the transaction, Hasnain directly owns 120,293 shares and indirectly owns 5,036,073 shares through a family trust.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (stock sale for tax obligations) and doesn't provide strong positive or negative signals about the company's overall health.
Industry Context
Sales of shares to cover tax obligations are a routine part of executive compensation and are not necessarily indicative of the company's financial health or future prospects.
Key Dates
| Date | Description |
|---|---|
| 03/27/2024 | Date of stock sale transaction |
| 03/28/2024 | Date of signature on the Form 4 filing |
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