Form 4: HilleVax CFO Shane Maltbie Sells Shares to Cover Tax Obligations

HilleVax's Chief Financial Officer, Shane Maltbie, sold shares of common stock to satisfy tax withholding obligations related to the settlement of restricted stock units.

Summary

• On February 4, 2025, Shane Maltbie, the CFO of HilleVax, Inc., sold 3,946 shares of common stock at a price of $1.89 per share.
• Following this transaction, Maltbie directly owned 84,232 shares.
• On February 11, 2025, Maltbie sold an additional 4,345 shares at a weighted average price of $1.7627 per share, with prices ranging from $1.7508 to $1.7745.
• After this second transaction, Maltbie directly owned 79,887 shares.
• These sales were mandated by HilleVax's policy to cover tax withholding obligations through a 'sell to cover' transaction upon the settlement of restricted stock units and do not represent discretionary transactions by Maltbie.

Sentiment

Score: 5

Explanation: The document is a routine SEC Form 4 filing, indicating stock sales for tax purposes. It doesn't inherently convey positive or negative sentiment, as it's a standard procedure.

Industry Context

Sales of shares by company executives are a common occurrence, often related to compensation and tax obligations. It's important to consider the context of these sales, especially whether they are discretionary or mandated by company policy.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders due to the increased supply of shares in the market, but the impact is likely minimal given the relatively small number of shares sold.

Key Dates