Form 4: Pacific Biosciences Officer Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Michele Farmer, Chief Accounting Officer of Pacific Biosciences, sold shares to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On March 3, 2025, Michele Farmer, Chief Accounting Officer of Pacific Biosciences, sold 2,973 shares of common stock.
- The sale was executed to cover tax withholding obligations related to the vesting of restricted stock units.
- The shares were sold at a weighted average price of $1.407, with individual prices ranging from $1.39 to $1.46 per share.
- Following the transaction, Farmer directly owns 184,619 shares of Pacific Biosciences common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. An officer sold shares to cover taxes, which is a normal occurrence.
Industry Context
Form 4 filings are a routine part of the US stock market, and are required by the SEC to ensure transparency when company insiders trade their own company's stock. This filing indicates that a company officer has sold shares, which is not necessarily indicative of the company's performance or future prospects.
Key Dates
| Date | Description |
|---|---|
| 03/03/2025 | Date of stock sale transaction |
| 03/05/2025 | Date of signature on the Form 4 filing |
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