Form 4: REVB CFO Reports Mandatory Tax Withholding Sale
Statement of Changes in Beneficial Ownership
Revelation Biosciences CFO Chester S. Zygmont III reported the sale of 13,285 shares to satisfy tax obligations related to restricted stock vesting.
Summary
- Chester S. Zygmont III, CFO of Revelation Biosciences, Inc., disposed of 13,285 shares of common stock.
- The transaction occurred on April 30, 2026, at a weighted average price of $1.10 per share.
- The sale was mandatory and executed by the issuer to cover tax withholding obligations upon the vesting of restricted stock awards.
- The reporting person retained no investment discretion over this specific transaction.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, as the sale was purely administrative and mandatory for tax purposes.
Positives
- The transaction was a non-discretionary event required for tax compliance, indicating no change in the executive's long-term outlook on the company.
Negatives
- Reduction in the total number of shares beneficially owned by the reporting person.
Risks
- None identified; this is a routine administrative transaction.
Future Outlook
Not applicable; this is a historical disclosure of a past transaction.
Industry Context
StockSavvy.ai notes that mandatory tax withholding sales are standard corporate governance practices for executives receiving equity-based compensation and do not typically signal a change in management sentiment.
Comparison to Industry Standards
- The transaction follows standard SEC reporting requirements for executive equity compensation vesting.
Stakeholder Impact
- Minimal impact on shareholders as the transaction was a routine tax-related sell-to-cover.
Key Dates
| Date | Description |
|---|---|
| 2026-04-30 | Date of the reported transaction involving the sale of shares. |
| 2026-05-01 | Date of filing for the Form 4 statement. |
Keywords
REVB, Revelation Biosciences, Insider Trading, Form 4, Tax Withholding, CFO
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