Form 4: Recursion Pharmaceuticals President and COO Tina Marriott Reports Tax-Related Stock Disposal
SEC Form 4
Tina Marriott, President and COO of Recursion Pharmaceuticals, reported the disposal of 14,319 shares of Class A Common Stock to cover tax obligations related to the net settlement of restricted stock units.
Summary
- On August 15, 2024, Tina Marriott, the President and COO of Recursion Pharmaceuticals, reported a transaction involving Class A Common Stock.
- The transaction involved the disposal of 14,319 shares at a price of $6.69 per share.
- These shares were withheld by Recursion Pharmaceuticals to satisfy tax withholding and remittance obligations related to the net settlement of restricted stock units.
- Following the transaction, Marriott directly owns 521,138 shares of Class A Common Stock.
- Marriott also holds several stock options with varying exercise prices and expiration dates, including options to purchase 470,000 shares at $1.06, 434,122 shares at $8.55, 159,226 shares at $11.40, 4,784 shares at $11.40, 150,000 shares at $2.48, and 447,917 shares at $10.09.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing and does not inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and is a standard part of regulatory compliance for publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is related to tax obligations and does not indicate a change in the executive's long-term outlook on the company.
Key Dates
| Date | Description |
|---|---|
| 07/16/2018 | Annual Vesting Commencement Date for stock options exercisable at $1.06. |
| 12/31/2020 | Monthly Vesting Commencement Date for stock options exercisable at $2.48. |
| 03/01/2022 | Vesting date for stock options exercisable at $11.40. |
| 03/01/2023 | Vesting date for stock options exercisable at $8.55. |
| 03/01/2024 | Vesting date for stock options exercisable at $10.09. |
| 08/15/2024 | Date of stock disposal transaction. |
| 07/22/2028 | Expiration date for stock options exercisable at $1.06. |
| 12/30/2030 | Expiration date for stock options exercisable at $2.48. |
| 02/04/2032 | Expiration date for stock options exercisable at $11.40. |
| 02/01/2033 | Expiration date for stock options exercisable at $8.55. |
| 02/09/2034 | Expiration date for stock options exercisable at $10.09. |
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