Form 4: Sera Prognostics General Counsel Sells Shares to Cover Tax Obligations

Benjamin Jackson, General Counsel of Sera Prognostics, sold 4,902 shares of Class A Common Stock on May 8, 2024, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On May 8, 2024, Benjamin Jackson, the General Counsel of Sera Prognostics, sold 4,902 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.
• The sales were part of a block trade with prices ranging from $9.14 to $10.55.
• Following the transaction, Jackson beneficially owns 145,277 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a stock sale to cover tax obligations, which is a neutral event.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders (officers, directors, or those holding more than 10% of the company's shares) buy or sell the company's securities. This provides transparency to the market regarding insider transactions.

Stakeholder Impact

• The sale of shares by an insider could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates