Form 4: OmniAb CEO Matthew Foehr Reports Stock Transactions

OmniAb's CEO, Matthew Foehr, reports the vesting of restricted stock units (RSUs) and subsequent sale of shares to cover tax obligations.

Summary

• On April 7, 2025, Matthew Foehr, the President and CEO of OmniAb, Inc., reported transactions involving the company's common stock.
• 36,458 Restricted Stock Units (RSUs) vested, converting into common stock.
• Simultaneously, 19,382 shares were sold at an average price of $2 to cover tax withholding obligations related to the RSU vesting.
• These sales were mandated by the Issuer's election under its equity incentive plans to require the satisfaction of a tax withholding obligation to be funded by a 'sell-to-cover' transaction and do not represent discretionary trades by the reporting person.
• Following these transactions, Foehr directly owns 3,796,236 shares of OmniAb common stock and 310,930 Restricted Stock Units.

Sentiment

Score: 5

Explanation: This is a routine filing related to executive compensation and tax obligations, with no indication of unusual or concerning activity.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they involve the sale of shares to cover tax obligations, which is a common practice.

Key Dates

Keywords

OmniAb, Matthew Foehr, RSU, Stock, Form 4, Vesting, Sell-to-cover, Tax withholding