Form 4: Sangamo Therapeutics Executive Reports Stock Transactions for Tax Withholding
SEC Form 4 Filing
Scott B. Willoughby, SVP, General Counsel & Secretary of Sangamo Therapeutics, reports disposition of shares to cover tax obligations related to RSU vesting.
Summary
- On August 24 and 25, 2024, Scott B. Willoughby, SVP, General Counsel & Secretary of Sangamo Therapeutics, surrendered shares to the company for mandatory tax withholding related to the vesting of restricted stock units (RSUs).
- The shares were surrendered at a price of $0.86 per share, based on the Issuer's closing stock price on August 23, 2024.
- On August 24, 1,430 shares were surrendered, and on August 25, 1,371 shares were surrendered.
- Following these transactions, Willoughby directly owns 830,001 shares of Sangamo Therapeutics common stock.
- These shares include unvested portions of RSU grants from February 25, 2022, February 24, 2023 and January 22, 2024, which vest in quarterly installments through February 2026, subject to continued service.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions for tax purposes. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Future Outlook
Future vesting of RSU grants is subject to the Reporting Person's Continuous Service through each vesting date and subject to acceleration as provided in the 2018 EIP.
Industry Context
This filing is a routine disclosure of insider transactions related to equity compensation. It is common for executives to surrender shares to cover tax obligations upon the vesting of RSUs.
Key Dates
| Date | Description |
|---|---|
| 08/23/2024 | Issuer's closing stock price of $0.86/share used for tax withholding calculation. |
| 08/24/2024 | Vesting date of a portion of RSU grant; 1,430 shares surrendered for tax withholding. |
| 08/25/2024 | Vesting date of a portion of RSU grant; 1,371 shares surrendered for tax withholding. |
| 08/27/2024 | Date of signature on the Form 4 filing. |
| 02/25/2025 | Date through which some RSU grants will vest in successive equal quarterly installments. |
| 02/24/2026 | Date through which some RSU grants will vest in successive equal quarterly installments. |
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