Form 4: Tenaya Therapeutics SVP Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Tomohiro Higa, SVP of Finance at Tenaya Therapeutics, sold shares of common stock to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On March 10, 2025, Tomohiro Higa, SVP of Finance at Tenaya Therapeutics, sold shares of the company's common stock.
- The sales were executed in multiple transactions at a weighted average price of $0.5384 per share.
- A total of 1,017 shares were sold to cover tax obligations related to restricted stock units awarded on October 15, 2022.
- An additional 620 shares were sold to cover tax obligations related to restricted stock units awarded on February 15, 2023.
- Finally, 845 shares were sold to cover tax obligations related to restricted stock units awarded on February 23, 2024.
- Following these transactions, Higa still beneficially owns 99,690 shares of Tenaya Therapeutics common stock, which includes shares that will be issued upon the vesting of restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating routine transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among company executives.
Stakeholder Impact
- The stock sales could have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 10/15/2022 | Date of restricted stock units award related to the first stock sale. |
| 02/15/2023 | Date of restricted stock units award related to the second stock sale. |
| 02/23/2024 | Date of restricted stock units award related to the third stock sale. |
| 03/10/2025 | Date of stock sales by Tomohiro Higa. |
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