Form 4: Sera Prognostics Chief Data Officer Sells Shares to Cover Tax Obligations

Paul Kearney, Chief Data Officer of Sera Prognostics, sold 4,333 shares of Class A Common Stock to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On August 7, 2024, Paul Kearney, the Chief Data Officer of Sera Prognostics, sold 4,333 shares of Class A Common Stock.
• The sale was executed to cover tax withholding obligations associated with the vesting of restricted stock units (RSUs).
• The shares were sold at a weighted average price of $7.42, with individual transactions ranging from $6.94 to $7.58.
• Following the transaction, Kearney still beneficially owns 180,967 shares of Sera Prognostics.
• The sale was mandated by the issuer's policy to cover tax obligations through 'sell to cover' transactions.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a routine transaction to cover tax obligations and doesn't necessarily reflect a change in the officer's confidence in the company.

Industry Context

Form 4 filings are a routine part of the US stock market, and this filing indicates that an insider sold shares to cover tax obligations, which is a common practice.

Key Dates