Form 4: OmniAb Chief Legal Officer Charles Berkman Reports Stock Transactions
SEC Form 4 Filing
Charles Berkman, Chief Legal Officer of OmniAb, Inc., reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.
Summary
- On April 7, 2024, Charles Berkman, Chief Legal Officer of OmniAb, Inc., had 13,541 restricted stock units (RSUs) vest.
- These RSUs represent a contingent right to receive one share of OmniAb's common stock each.
- The vesting is part of an RSU grant that occurs in three substantially equal annual installments starting April 7, 2024.
- On April 8, 2024, Berkman sold 6,954 shares of common stock at a weighted average price of $5.27 per share.
- The sale was mandatory to satisfy tax withholding obligations related to the vesting of the RSUs.
- Following these transactions, Berkman directly owns 292,617 shares of OmniAb common stock and 114,566 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock transactions by a company executive, with no inherent positive or negative implications for the company's overall prospects.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 04/07/2024 | Vesting of 13,541 Restricted Stock Units (RSUs) |
| 04/08/2024 | Sale of 6,954 shares of Common Stock at an average price of $5.27 |
| 04/09/2024 | Date of signature for the Form 4 filing |
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