Form 4: Solid Biosciences Director Ilan Ganot Reports Stock Transactions
SEC Form 4
Director Ilan Ganot reports acquisition and disposition of Solid Biosciences Inc. stock and restricted stock units, including sales to cover withholding taxes.
Summary
- On January 27, 2025, Ilan Ganot, a director of Solid Biosciences Inc., reported transactions involving the company's stock.
- These transactions included the acquisition of common stock through the conversion of restricted stock units and the sale of common stock to cover withholding taxes.
- Specifically, 388 shares were acquired indirectly through his wife and 3,883 shares were acquired directly through conversion of restricted stock units.
- A sale of 144 shares was executed at $3.1096 per share to cover withholding taxes related to vesting restricted stock units.
- Following these transactions, Mr. Ganot directly owns 98,690 shares of common stock and indirectly owns 11,689 shares through his wife.
- He also indirectly holds 19,394 shares through a trust and owns 3,884 restricted stock units directly and 389 indirectly through his wife.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities and beneficial ownership of company stock.
Stakeholder Impact
- The transactions provide shareholders with insight into the actions of a company director, which can influence investor sentiment.
Key Dates
| Date | Description |
|---|---|
| March 3, 2017 | Date of the Ilan Ganot 2017 Irrevocable Trust |
| January 27, 2022 | Grant Date of restricted stock units for Ms. Ganot and the reporting person |
| September 25, 2024 | Date Ms. Ganot adopted a durable automatic sales instruction letter |
| January 27, 2025 | Date of stock and restricted stock unit transactions |
| January 28, 2025 | Date of stock sale to cover withholding taxes |
| January 29, 2025 | Date of signature for the Form 4 filing |
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