Form 4: Surrozen EVP Li Sells Shares After RSU Vesting

Surrozen's Executive Vice President of Research, Yang Li, reported the acquisition of common stock through RSU vesting and subsequent sale of shares to cover tax obligations.

Summary

• Yang Li, Executive Vice President of Research at Surrozen, Inc. (SRZN), reported transactions involving the company's common stock.
• On January 2, 2026, Li acquired 2,500 shares of common stock upon the vesting of Restricted Stock Units (RSUs).
• Following this acquisition, Li's direct beneficial ownership of common stock was 17,209 shares.
• On January 5, 2026, Li disposed of 1,118 shares of common stock at a weighted average price of $19.8652 per share.
• These shares were sold to cover withholding taxes associated with the RSU vesting.
• The sale transactions occurred at prices ranging from $19.84 to $20.07 per share.
• After these transactions, Li's direct beneficial ownership of common stock stands at 16,091 shares.
• Additionally, Li indirectly beneficially owns 351 shares through a daughter and 351 shares through a son, totaling 702 indirect shares.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction involving RSU vesting and a tax-related stock sale. This is a neutral event that does not typically indicate a significant positive or negative shift in company fundamentals or management's outlook.

Positives

• The vesting of 2,500 Restricted Stock Units (RSUs) represents a component of executive compensation, indicating the fulfillment of performance or time-based conditions.

Negatives

• The disposition of 1,118 shares reduces the executive's direct ownership in the company, although it was for tax purposes.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This is a routine insider transaction filing (Form 4) common across all industries for executives receiving equity compensation. It does not provide specific insights into broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders: The impact on shareholders is minimal as this is a routine, pre-planned transaction for tax purposes and does not reflect a discretionary sale by the executive.
• Employees: No direct impact on employees is indicated by this filing.

Key Dates

Recommendation

This Form 4 reports a routine transaction involving the vesting of restricted stock units and a subsequent sale of shares to cover tax obligations. Such transactions are common for executives and typically do not signal a change in the company's fundamentals or management's long-term outlook. Therefore, it does not warrant a change in investment recommendation.

Keywords

Surrozen, SRZN, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Executive Compensation, Stock Sale, Tax Withholding