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

Richard Chen, Chief Medical Officer and EVP of Personalis, Inc., sold 5,055 shares of common stock on June 17, 2024, to cover tax withholding obligations.

Summary

• On June 17, 2024, Richard Chen, the Chief Medical Officer and EVP of Personalis, Inc., sold 5,055 shares of the company's common stock.
• The sale was executed to cover tax withholding obligations arising from the settlement of vested restricted stock units.
• The shares were sold at a weighted average price of $1.29, with individual sale prices ranging from $1.26 to $1.29 per share.
• Following the transaction, Chen directly owns 127,751 shares of Personalis, Inc.

Sentiment

Score: 5

Explanation: This is a neutral event. An executive selling shares to cover tax obligations is a routine transaction and doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. This transaction appears to be a standard sale to cover tax obligations, which is a common practice.

Key Dates