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

Paul Kearney, Chief Data Officer of Sera Prognostics, sold 4,205 shares of Class A Common Stock to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On May 8, 2024, Paul Kearney, the Chief Data Officer of Sera Prognostics, sold 4,205 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 $9.59, with individual transactions ranging from $9.14 to $10.55.
• Following the transaction, Kearney still beneficially owns 154,833 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 transaction related to tax obligations, with no significant positive or negative implications for the company's outlook.

Industry Context

Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. This transaction appears to be a standard 'sell to cover' to meet tax obligations, which is a common practice.

Key Dates