Tax-driven share sale by CytomX (CTMX) chief scientist on RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CytomX Therapeutics, Inc. executive Marcia Belvin, SVP and Chief Scientific Officer, reported an open-market sale of 31,492 shares of common stock on March 17, 2026 at $6.423 per share. The sale was made solely to satisfy tax or other government withholding obligations tied to vesting restricted stock units (RSUs).
After this transaction, Belvin directly holds 300,760 shares of common stock, which includes 135,833 RSUs. This filing reflects a compensation-related tax obligation rather than a discretionary portfolio trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 31,492 shares ($202,273)
Net Sell
1 txn
Insider
BELVIN MARCIA
Role
SVP, Chief Scientific Officer
Sold
31,492 shs ($202K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 31,492 | $6.423 | $202K |
Holdings After Transaction:
Common Stock — 300,760 shares (Direct)
Footnotes (1)
- The shares were sold solely to satisfy tax or other government withholding obligations in connection with the vesting of restricted stock units ("RSUs"). Includes 135,833 RSUs.
FAQ
What insider transaction did CytomX (CTMX) report for Marcia Belvin?
CytomX reported that SVP and Chief Scientific Officer Marcia Belvin sold 31,492 shares of common stock. The shares were sold in the open market to satisfy tax or other government withholding obligations related to the vesting of restricted stock units.
What are RSUs mentioned in the CytomX (CTMX) insider filing?
RSUs, or restricted stock units, are share-based awards that convert into common stock as they vest over time. The filing notes that Marcia Belvin’s holdings include 135,833 RSUs, reflecting a significant component of her equity compensation at CytomX.
Does the CytomX (CTMX) insider sale indicate a change in company outlook?
The filing describes the sale as solely to cover tax or other government withholding obligations from RSU vesting. Such transactions are typically administrative, reflecting compensation-related tax payments rather than a change in sentiment about CytomX’s business prospects.