Form 4: Metagenomi CFO Sells Shares to Cover Tax Obligations

Metagenomi's Chief Financial Officer, Pamela Wapnick, sold 1,559 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• Pamela Wapnick, the Chief Financial Officer of Metagenomi, Inc., sold 1,559 shares of common stock on December 5, 2024.
• The sale was executed at a price of $1.86 per share.
• This transaction was not a volitional trade but rather an automatic sale to cover tax withholding obligations.
• The tax obligations arose from the vesting of restricted stock units granted to Ms. Wapnick on April 1, 2024.
• Following the transaction, Ms. Wapnick beneficially owns 61,492 shares of Metagenomi common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, not indicative of positive or negative sentiment towards the company's performance.

Management Comments

• The sale was not a volitional trade by the reporting person but was to satisfy tax withholding obligations.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for shares to be sold to cover tax liabilities when restricted stock units vest.

Comparison to Industry Standards

• Sales of shares by executives to cover tax obligations are a common practice across the industry.
• Many companies use restricted stock units as part of their compensation packages, leading to similar tax-related sales.
• The number of shares sold and the price are specific to Metagenomi and its stock performance.

Stakeholder Impact

• The sale has a minimal impact on shareholders as it is a routine transaction for tax purposes.

Key Dates

Keywords

Metagenomi, Pamela Wapnick, Chief Financial Officer, stock sale, tax obligations, restricted stock units, insider trading