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 of common stock to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On May 19, 2025, Michele Farmer, Chief Accounting Officer of Pacific Biosciences, sold 5,195 shares of common stock.
- The sale was executed to cover tax withholding obligations associated with the vesting of restricted stock units.
- The shares were sold at a weighted average price ranging from $1.00 to $1.01 per share.
- Following the transaction, Farmer directly owns 269,259 shares of Pacific Biosciences common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares for tax obligations) and does not contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives and officers.
Key Dates
| Date | Description |
|---|---|
| 05/19/2025 | Date of stock sale transaction |
| 05/21/2025 | Date of signature on the Form 4 filing |
Keywords
Form 4, Pacific Biosciences, PACB, Michele Farmer, Chief Accounting Officer, Stock Sale, Tax Withholding, Restricted Stock Units, Beneficial Ownership
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