Form 4: Personalis Executive Richard Chen Sells Shares to Cover Tax Obligations

Richard Chen, Chief Medical Officer and EVP of Personalis, Inc., sold 524 shares of common stock on July 30, 2024, to cover tax withholding obligations.

Summary

• On July 30, 2024, Richard Chen, the Chief Medical Officer and EVP of Personalis, Inc., sold 524 shares of the company's common stock.
• The shares were sold at a weighted average price ranging from $2.97 to $3.02 per share.
• The sale was executed to cover tax withholding obligations arising from the settlement of vested restricted stock units.
• Following the transaction, Chen directly owns 127,227 shares of Personalis, Inc.
• The transaction was reported on August 1, 2024, via a Form 4 filing with the SEC.

Sentiment

Score: 5

Explanation: This is a neutral event. An executive selling shares to cover tax obligations is a common occurrence and doesn't necessarily reflect a positive or negative outlook on the company.

Industry Context

Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of company insiders. This sale appears to be a standard transaction to cover tax obligations.

Key Dates