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

Steven Weber, Principal Accounting Officer of IGM Biosciences, sold 1,701 shares of common stock on March 14, 2025, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On March 14, 2025, Steven Weber, the Principal Accounting Officer of IGM Biosciences, sold 1,701 shares of the company's common stock.
• The sale was executed to cover tax withholding obligations associated with the vesting of restricted stock units.
• The shares were sold at a weighted average price of $1.23, with individual trades ranging from $1.19 to $1.28.
• Following the transaction, Weber directly owns 28,881 shares of IGM Biosciences common stock.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sale of shares to cover taxes). It doesn't indicate positive or negative sentiment towards the company's prospects.

Industry Context

This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock units vest.

Stakeholder Impact

• The sale of shares by an officer may have a minor impact on shareholders, but is unlikely to be significant given the relatively small number of shares involved.

Key Dates