Form 4: Personalis SVP and Chief Legal Officer Sells Shares to Cover Tax Obligations

Stephen Michael Moore, SVP and Chief Legal Officer at Personalis, Inc., sold 1,693 shares of common stock to cover tax obligations from vested restricted stock units.

Summary

• Stephen Michael Moore, the SVP and Chief Legal Officer of Personalis, Inc., sold 1,693 shares of the company's common stock on November 18, 2024.
• 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 $3.79, with individual sale prices ranging from $3.76 to $3.79 per share.
• Following the transaction, Mr. Moore directly owns 67,388 shares of Personalis common stock.

Sentiment

Score: 5

Explanation: The document describes a routine transaction for an executive to cover tax obligations. It is neither positive nor negative for the company's outlook.

Industry Context

This is a routine transaction for corporate executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Sales of shares by executives to cover tax obligations are a common practice across publicly traded companies.
• The sale of 1,693 shares is a relatively small transaction and is unlikely to have a significant impact on the stock price.
• Similar transactions are regularly reported by executives at comparable companies.

Stakeholder Impact

• The sale of shares by an executive is unlikely to have a significant impact on shareholders.

Key Dates

Keywords

Personalis, stock sale, insider trading, Form 4, restricted stock units, tax obligations, Stephen Michael Moore, PSNL