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

Richard Chen, Chief Medical Officer and EVP of Personalis, Inc., sold 940 shares of common stock on May 17, 2024, to cover tax withholding obligations from vested restricted stock units.

Summary

• On May 17, 2024, Richard Chen, the Chief Medical Officer and EVP of Personalis, Inc., sold 940 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 $1.38, with individual sale prices ranging from $1.34 to $1.47 per share.
• Following the transaction, Chen beneficially owns 132,806 shares of Personalis, Inc., which includes 4,876 shares acquired under the company's Employee Stock Purchase Plan on April 30, 2024.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing a routine stock sale for tax purposes. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. This filing indicates a sale of shares by an executive to cover tax obligations, which is a common practice.

Stakeholder Impact

• The sale of shares by an executive could have a minor, short-term impact on the stock price, but is unlikely to have a significant long-term effect.

Key Dates