ACADIA (NASDAQ: ACAD) CFO reports RSU vesting and tax-related share sales
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ACADIA PHARMACEUTICALS EVP and CFO Mark C. Schneyer reported a combination of equity vesting and related share sales. On March 24 and 25, 2026, he exercised restricted stock units into a total of 14,316 shares of common stock at a conversion price of $0.00 per share, increasing his direct holdings.
On March 25 and 26, 2026, he sold an aggregate 7,385 shares of common stock in open-market transactions at prices around $21.47–$21.72 per share. A footnote states these mandatory sales were made to cover withholding taxes and related items in connection with the RSU vesting and are intended to comply with Rule 10b5-1. Following these transactions, he directly holds 60,269 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 7,385 shares ($159,136)
Net Sell
7 txns
Insider
Schneyer Mark C.
Role
EVP, CHIEF FINANCIAL OFFICER
Sold
7,385 shs ($159K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,171 | $21.65 | $69K |
| Sale | Common Stock | 37 | $21.7174 | $803.54 |
| Exercise | Restricted Stock Units | 6,178 | $0.00 | -- |
| Sale | Common Stock | 4,177 | $21.47 | $90K |
| Exercise | Common Stock | 6,178 | $0.00 | -- |
| Exercise | Restricted Stock Units | 8,138 | $0.00 | -- |
| Exercise | Common Stock | 8,138 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 60,306 shares (Direct);
Restricted Stock Units — 12,358 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. The mandatory sales reported in this Form 4 were made to cover withholding taxes and tax related items imposed by the Issuer in connection with the vesting of restricted stock units, and it is intended to comply with the requirements of Rule 10b5-1(c)(1)(i)(B) under the Exchange Act and be interpreted to meet the requirements of Rule 10b5-1(c). The restricted stock units vest in four equal annual installments beginning March 24, 2026. The restricted stock units vest in four equal annual installments beginning March 25, 2025.
FAQ
What did ACADIA (ACAD) CFO Mark C. Schneyer do in this Form 4?
He reported RSU vesting and related share sales. Schneyer exercised restricted stock units into 14,316 common shares at $0.00 per share, then sold 7,385 shares in open-market transactions primarily to cover tax withholding obligations.
What restricted stock unit activity did ACADIA (ACAD) disclose for its CFO?
Restricted stock units were converted into common shares. On March 24 and 25, 2026, 8,138 and 6,178 restricted stock units, respectively, were exercised at a conversion price of $0.00, each unit representing one share of common stock.
How do the ACADIA (ACAD) CFO’s RSUs vest over time?
The RSUs vest in equal annual installments. One RSU grant vests in four equal yearly installments beginning March 24, 2026, and another vests in four equal yearly installments beginning March 25, 2025, as described in the footnotes.