Form 4: OmniAb CEO Matthew Foehr Reports Stock Transactions Following RSU Vesting

OmniAb's CEO, Matthew Foehr, reports the vesting of restricted stock units (RSUs) and subsequent transactions, including tax withholding.

Summary

• On April 7, 2024, Matthew Foehr, the President and CEO of OmniAb, Inc., had 36,458 Restricted Stock Units (RSUs) vest.
• These RSUs convert into common stock on a 1:1 basis.
• Following the vesting, Foehr now directly owns 3,188,874 shares of common stock.
• 18,477 shares were withheld to cover tax obligations at a price of $5.31 per share.
• After the tax withholding, Foehr directly owns 3,170,397 shares of common stock.
• Foehr also holds 261,950 derivative securities in the form of Restricted Stock Units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with neutral sentiment.

Future Outlook

The RSU grant vests in three substantially equal annual installments beginning on April 7, 2024.

Industry Context

This filing is a routine disclosure of insider transactions, common for publicly traded companies. It provides transparency into the holdings and transactions of company executives.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the impact is likely minimal given the size of the transactions relative to the total outstanding shares.

Key Dates