Form 4: Unity Biotechnology's Chief Legal Officer Sells Shares to Cover Tax Obligations

Alexander Hieu Nguyen, Chief Legal Officer of Unity Biotechnology, sold 78 shares of common stock to cover tax withholding obligations related to vesting Restricted Stock Units.

Summary

• On June 25, 2024, Alexander Hieu Nguyen, the Chief Legal Officer of Unity Biotechnology, sold 78 shares of the company's common stock.
• The sale was executed at a price of $1.4 per share.
• The transaction was conducted to cover tax withholding obligations incurred in connection with the vesting of Restricted Stock Units (RSUs).
• Following the transaction, Nguyen directly owns 25,026 shares, including unvested Restricted Stock Units.

Sentiment

Score: 6

Explanation: The document is a routine disclosure of a stock sale by an officer to cover tax obligations, which is neither particularly positive nor negative.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock; this provides transparency to the market.

Stakeholder Impact

• The sale of a small number of shares by an officer is unlikely to have a significant impact on shareholders.

Key Dates