Form 4: Relay Therapeutics CFO Thomas Catinazzo Sells Shares to Cover Tax Obligations and Under 10b5-1 Plan
SEC Form 4 Filing
Thomas Catinazzo, CFO of Relay Therapeutics, sold shares of common stock on September 27, 2024, to cover income tax withholding obligations and under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Thomas Catinazzo, the Chief Financial Officer of Relay Therapeutics, sold shares of the company's common stock on September 27, 2024.
- A total of 295 shares were sold at a price of $7.51 per share to cover income tax withholding obligations upon the vesting of restricted stock units.
- An additional 6,162 shares were sold at a weighted average price of $7.46 per share under a Rule 10b5-1 trading plan adopted on February 15, 2024.
- Following these transactions, Catinazzo directly owns 313,193 shares of Relay Therapeutics, which includes 298,214 shares underlying restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock sales by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider trading activity. It is common for executives to sell shares to cover tax obligations or as part of pre-arranged trading plans.
Stakeholder Impact
- The stock sales could have a minor impact on shareholders, potentially causing a slight decrease in stock price due to increased selling pressure.
Key Dates
| Date | Description |
|---|---|
| February 15, 2024 | Date the reporting person adopted a Rule 10b5-1 trading plan |
| September 26, 2024 | Date of vesting of 992 shares of restricted stock units |
| September 27, 2024 | Date of the reported transactions (stock sales) |
| October 01, 2024 | Date of signature for the Form 4 filing |
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