Form 4: Telesis Bio Inc. CEO Nelson Todd Robert Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Telesis Bio Inc.'s CEO, Nelson Todd Robert, reports changes in beneficial ownership of company stock due to tax withholding and vesting of Restricted Stock Units.
Summary
- On February 27, 2024, Nelson Todd Robert, the President & CEO of Telesis Bio Inc., reported changes in his beneficial ownership of the company's common stock.
- 4,776 shares were withheld by the issuer to satisfy tax obligations related to the vesting of Restricted Stock Units (RSUs) at a price of $0.534 per share.
- Following the transaction, Nelson Todd Robert directly owns 131,296 shares of common stock, some of which are RSUs representing a contingent right to receive one share of common stock each.
- He also indirectly owns 6,000,000 shares through GATTACA Mining LLC and 122,516 shares through M-185 Corporation, where he holds significant control.
Sentiment
Score: 5
Explanation: This is a neutral filing, simply reporting a routine transaction related to executive compensation and tax obligations. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it relates to tax obligations on executive compensation.
Key Dates
| Date | Description |
|---|---|
| 02/27/2024 | Date of the transaction involving the disposal of shares for tax withholding. |
| 02/29/2024 | Date of signature for the Form 4 filing. |
Keywords
Beneficial Ownership, Telesis Bio Inc., Nelson Todd Robert, Form 4, TBIO, RSU, GATTACA Mining LLC, M-185 Corporation, Tax Withholding
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