[Form 4] ACADIA PHARMACEUTICALS INC Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ACADIA Pharmaceuticals EVP and CFO Mark C. Schneyer reported routine equity compensation activity involving restricted stock units and related tax sales. On April 5, 5,276 restricted stock units were exercised into 5,276 shares of common stock at a conversion price of $0.00 per share, increasing his direct holdings. The restricted stock units vest in four equal annual installments beginning April 5, 2023.
On April 7, 2,709 shares of common stock were sold at $22.20 per share, leaving Schneyer with 62,836 shares directly owned after the transactions. According to the disclosure, 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(c) under the Exchange Act.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,709 shares ($60,140)
Net Sell
3 txns
Insider
Schneyer Mark C.
Role
EVP, CHIEF FINANCIAL OFFICER
Sold
2,709 shs ($60K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,709 | $22.20 | $60K |
| Exercise | Restricted Stock Units | 5,276 | $0.00 | -- |
| Exercise | Common Stock | 5,276 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 62,836 shares (Direct);
Restricted Stock Units — 0 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 April 5, 2023.
Key Figures
Shares sold for taxes: 2,709 shares
Sale price: $22.20/share
RSUs exercised: 5,276 units
+3 more
6 metrics
Shares sold for taxes
2,709 shares
Mandatory sale on April 7 at $22.20 per share
Sale price
$22.20/share
Price for 2,709 ACAD common shares sold
RSUs exercised
5,276 units
RSUs converted to common stock on April 5 at $0.00
Shares owned after transactions
62,836 shares
Direct ACAD common stock holdings after reported Form 4 events
Conversion price
$0.00
RSU conversion or exercise price into common stock
RSU vesting schedule
Four annual installments
Vesting begins April 5, 2023 for restricted stock units
Key Terms
Restricted Stock Units, withholding taxes, Rule 10b5-1(c), derivative security, +1 more
5 terms
Restricted Stock Units financial
"The restricted stock units vest in four equal annual installments"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
withholding taxes financial
"mandatory sales reported ... were made to cover withholding taxes"
Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.
Rule 10b5-1(c) regulatory
"intended to comply with the requirements of Rule 10b5-1(c)(1)(i)(B)"
Rule 10b5-1(c) is an SEC guideline that lets company insiders set up a written, pre-planned schedule to buy or sell their company stock when they are not in possession of material, nonpublic information. For investors, it matters because such plans can reduce the appearance of insider trading by separating decisions from inside knowledge—like putting your trades on autopilot—while also requiring scrutiny since pre-planned trades can still affect market confidence and share value.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
vesting financial
"in connection with the vesting of restricted stock units"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
