Form 4: Replimune CEO Sells Shares to Cover Taxes

Replimune Group Inc. CEO Sushil Patel sold 37,324 shares of common stock to cover tax withholding obligations related to RSU vesting.

Summary

• Sushil Patel, CEO and Director of Replimune Group, Inc., sold 37,324 shares of common stock on May 18, 2026.
• The sale was executed at a weighted average price of $5.08 per share, with individual transactions ranging from $5.01 to $5.08.
• These shares were sold to cover tax withholding obligations associated with the partial vesting of Restricted Stock Units (RSUs).
• This transaction was conducted under an irrevocable 'sell to cover' provision in the RSU award agreements and was not a discretionary sale.
• Following this transaction, Patel beneficially owns 747,492 shares of common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the sale was mandated by tax obligations and executed under a pre-arranged plan, rather than a discretionary decision by management to reduce their stake.

Positives

• The sale was conducted under a pre-arranged 'sell to cover' plan, indicating it was not a discretionary decision to divest shares.
• The CEO continues to hold a significant number of shares (747,492) after the transaction.

Negatives

• A notable number of shares were sold, even if for tax purposes, which could be perceived negatively by the market.
• The sale price was relatively low, reflecting the market price at the time of the transaction.

Future Outlook

No specific future outlook or guidance is provided in this Form 4 filing, as it solely reports a change in beneficial ownership.

Management Comments

• The transaction reported herein was made in accordance with the irrevocable 'sell to cover' provision set forth in the award agreements under which the RSUs were granted and does not represent a discretionary sale by the Reporting Person.

Industry Context

StockSavvy.ai notes that insider sales for tax withholding are common and often pre-arranged, typically having a neutral to slightly negative short-term impact on share price, especially when the sale is a small percentage of the insider's total holdings.

Stakeholder Impact

• Shareholders: The sale is a routine event for tax purposes and is unlikely to have a significant impact on the share price, especially given it was part of a pre-arranged plan. The CEO's continued substantial ownership remains a positive signal.

Key Dates

Keywords

Replimune Group, REPL, Form 4, Insider Trading, Stock Sale, RSU Vesting, Tax Withholding, CEO, Director