Form 4: SpringWorks Therapeutics Executive Tai-An Lin Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Tai-An Lin, Chief Scientific Officer of SpringWorks Therapeutics, disposed of 2,324 shares of common stock on October 2, 2024, to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On October 2, 2024, Tai-An Lin, the Chief Scientific Officer of SpringWorks Therapeutics, disposed of 2,324 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations associated with the vesting of restricted stock units.
- The shares were disposed of at a price of $32.83 per share.
- Following the transaction, Lin directly owns 26,965 shares of SpringWorks Therapeutics common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an insider transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders. This transaction is a common occurrence where shares are disposed of to cover tax obligations related to vesting equity.
Key Dates
| Date | Description |
|---|---|
| 10/02/2024 | Date of the transaction where 2,324 shares were disposed of to cover tax obligations. |
| 10/03/2024 | Date of signature for the Form 4 filing. |
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