Form 4: Gossamer Bio COO/CFO Bryan Giraudo Sells Shares to Cover Tax Obligations

Bryan Giraudo, COO/CFO of Gossamer Bio, Inc., sold 6,430 shares of common stock on March 27, 2024, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On March 27, 2024, Bryan Giraudo, the COO/CFO of Gossamer Bio, Inc. (GOSS), sold 6,430 shares of the company's common stock.
• The sale was executed at a weighted average price of $1.1556 per share, with individual trades ranging from $1.1551 to $1.165 per share.
• The transaction was a broker-assisted sale to satisfy tax withholding obligations related to the vesting of restricted stock units.
• Following the transaction, Giraudo directly owns 92,737 shares and indirectly owns 380,010 shares through a family trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. The sale of shares to cover tax obligations is a neutral event and doesn't necessarily reflect a positive or negative sentiment towards the company's prospects.

Industry Context

Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among company executives and do not necessarily indicate a negative outlook on the company's future.

Stakeholder Impact

• The sale of shares by a company executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant effect given the reason for the sale.

Key Dates