Form 4: REGENXBIO Executive Christmas Acquires Shares Through Stock Options, Disposes of Shares for Tax Obligations
SEC Form 4
REGENXBIO's Chief Legal Officer, Patrick J. Christmas, reports acquiring shares through stock options and disposing of shares to cover tax obligations related to vesting restricted stock units.
Summary
- Patrick J. Christmas, Chief Legal Officer of REGENXBIO Inc., filed a Form 4 detailing changes in beneficial ownership.
- On January 2, 2025, Christmas acquired 223,350 shares through stock options with an exercise price of $7.86, expiring on January 2, 2035.
- On the same day, 11,395 shares of common stock were disposed of at a price of $7.73 to cover tax obligations related to vesting restricted stock units.
- Following these transactions, Christmas directly owns 160,810 shares of REGENXBIO common stock and 223,350 stock options.
Sentiment
Score: 5
Explanation: This is a routine disclosure of insider transactions. It doesn't inherently indicate positive or negative sentiment, but rather provides transparency into executive compensation and stock ownership.
Future Outlook
The stock options vest over time, with 25% vesting after 12 months and the remainder vesting monthly over the following 36 months, contingent upon continuous service.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor management's alignment with shareholder interests.
Stakeholder Impact
- Shareholders can monitor insider transactions to assess management's confidence in the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 01/04/2021 | Date of original grant of restricted stock units. |
| 01/03/2022 | Date of original grant of restricted stock units. |
| 01/03/2023 | Date of original grant of restricted stock units. |
| 01/02/2024 | Date of original grant of restricted stock units. |
| 12/31/2024 | Date used to determine the closing price of the issuer's common stock for tax withholding. |
| 01/02/2025 | Date of stock option exercise and tax-related share disposal. |
| 01/02/2035 | Expiration date of the stock options. |
| 01/06/2025 | Date of Form 4 signature. |
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