Form 4: Unity Biotechnology CLO Sells Shares to Cover Tax Obligations

Alexander Hieu Nguyen, CLO and Head of Operations at Unity Biotechnology, sold 17,852 shares of common stock to cover tax withholding obligations.

Summary

• On April 2, 2025, Alexander Hieu Nguyen, CLO and Head of Operations at Unity Biotechnology, sold 17,852 shares of the company's common stock.
• The sale was executed at a price of $1.03 per share.
• The transaction was conducted under a Rule 10b5-1 trading plan to cover tax withholding obligations related to the vesting of Restricted Stock Units (RSUs).
• Following the transaction, Nguyen directly owns 48,753 shares, including RSUs that vest over time from the grant date.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to an insider stock sale for tax purposes. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. This particular filing indicates a sale of shares to cover tax obligations, which is a common practice.

Stakeholder Impact

• The sale of shares by an insider could have a minor negative impact on shareholder sentiment, although it is a common practice for covering tax obligations.

Key Dates

Keywords

Form 4, Unity Biotechnology, UBX, Alexander Hieu Nguyen, insider trading, stock sale, Rule 10b5-1, Restricted Stock Units, tax obligations