Form 4: IGM Biosciences Officer Sells Shares to Cover Tax Obligations

Steven Weber, Principal Accounting Officer of IGM Biosciences, sold shares of common stock to cover tax withholding obligations related to the vesting of restricted stock units.

Summary

• On March 13, 2024, Steven Weber, the Principal Accounting Officer of IGM Biosciences, sold 529 shares of common stock at a weighted average price of $9.8752.
• Following this transaction, Weber directly owns 26,971 shares of IGM Biosciences common stock.
• On March 14, 2024, Weber sold 464 shares of common stock at a weighted average price of $10.1705.
• Following this transaction, Weber directly owns 26,507 shares of IGM Biosciences common stock.
• The sales were executed to cover tax withholding obligations associated with the vesting of restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating insider stock sales for tax purposes. It doesn't inherently convey positive or negative sentiment about the company's prospects.

Industry Context

Form 4 filings are a routine part of the stock market, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The stock sales by an officer could have a minor, short-term impact on shareholders due to the increased supply of shares in the market.

Key Dates