Form 4: Veracyte CFO Rebecca Chambers Reports Tax Withholding Stock Transaction
SEC Form 4 Filing
Rebecca Chambers, CFO of Veracyte, Inc., reports the withholding of common stock to cover tax obligations related to the vesting of Restricted Stock Units.
Summary
- On September 2, 2024, Rebecca Chambers, the Chief Financial Officer of Veracyte, Inc., had shares of common stock withheld to satisfy tax obligations.
- A total of 3,464 shares were withheld at a price of $31.55 per share.
- This transaction did not represent a sale by the reporting person but rather a withholding for tax purposes related to the vesting of Restricted Stock Units (RSUs) granted on July 19, 2021, March 3, 2022, August 5, 2022, and March 6, 2023.
- Following the transaction, Chambers beneficially owns 139,776 shares of Veracyte common stock.
Sentiment
Score: 5
Explanation: This is a neutral event, reflecting routine tax withholding related to stock compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and is common for publicly traded companies. It provides transparency into the stock ownership of company executives.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine tax withholding event.
Key Dates
| Date | Description |
|---|---|
| July 19, 2021 | Date of grant for some of the Restricted Stock Units. |
| March 3, 2022 | Date of grant for some of the Restricted Stock Units. |
| August 5, 2022 | Date of grant for some of the Restricted Stock Units. |
| March 6, 2023 | Date of grant for some of the Restricted Stock Units. |
| September 2, 2024 | Date of the tax withholding transaction. |
| September 4, 2024 | Date of signature for the Form 4 filing. |
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