Form 4: Metagenomi CFO Sells Shares to Cover Tax Obligations
SEC Form 4
Pamela Wapnick, CFO of Metagenomi, Inc., sold 6,265 shares of common stock on September 5, 2024, to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On September 5, 2024, Pamela Wapnick, the Chief Financial Officer of Metagenomi, Inc. (MGX), sold 6,265 shares of the company's common stock.
- The sale was executed to satisfy tax withholding obligations arising from the vesting of restricted stock units granted on April 1, 2024.
- The shares were sold at prices ranging from $2.80 to $2.96, with an average price of $2.88.
- Following the transaction, Wapnick directly owns 63,051 shares of Metagenomi common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover taxes) and doesn't indicate any significant positive or negative sentiment.
Industry Context
Sales of shares to cover tax obligations are a routine part of equity compensation for company executives.
Stakeholder Impact
- The sale of shares by an executive could have a minor negative impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| April 1, 2024 | Date of grant for restricted stock units that triggered the tax obligation. |
| September 5, 2024 | Date of the stock sale transaction. |
| September 6, 2024 | Date of the attorney-in-fact signature on the Form 4 filing. |
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