Form 4: Unity Biotechnology's Chief Legal Officer Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Alexander Hieu Nguyen, Chief Legal Officer of Unity Biotechnology, sold 149 shares of common stock on November 4, 2024, to cover tax withholding obligations.
Summary
- On November 4, 2024, Alexander Hieu Nguyen, the Chief Legal Officer of Unity Biotechnology, sold 149 shares of common stock.
- The sale was executed at a price of $1.29 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 24,723 shares, including RSUs that vest over time from the grant date.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock sale for tax purposes, which is neither particularly positive nor negative.
Industry Context
Sales of shares by company insiders are a common occurrence, often related to compensation and tax obligations. The use of Rule 10b5-1 plans allows insiders to sell shares at predetermined times to avoid accusations of trading on inside information.
Stakeholder Impact
- The sale is unlikely to have a significant impact on stakeholders as it is a small transaction related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 11/04/2024 | Date of the stock sale transaction. |
| 11/06/2024 | Date of the signature on the Form 4 filing. |
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