CVRx (NASDAQ: CVRX) officer receives major equity grants, sells shares to cover taxes
Rhea-AI Filing Summary
CVRx, Inc. Chief Marketing & Strategy Officer Paul Verrastro reported a mix of equity grants and a small sale. On February 27, 2026, he acquired 45,000 shares of common stock as restricted stock units and a 67,000-share stock option grant, both at no cost.
The restricted stock units vest 25% on each annual anniversary of the grant date, while the option vests 25% on February 27, 2027 and then monthly in equal installments. On March 2, 2026, he sold 1,284 shares of common stock at a weighted average price of $7.9021 per share, in transactions ranging from $7.90 to $7.98, to satisfy tax withholding obligations through a mandated sell-to-cover transaction. Following the sale, he directly held 60,551 shares of common stock and 67,000 stock options.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,284 | $7.9021 | $10K |
| Grant/Award | Stock Option (right to buy) | 67,000 | $0.00 | -- |
| Grant/Award | Common Stock | 45,000 | $0.00 | -- |
Footnotes (1)
- Restricted stock units that vest as to 25% of the shares on each annual anniversary of the grant date. The sale was mandated by the issuer's award agreement to satisfy tax withholding obligations by a sell-to-cover transaction. Reflects the weighted average price of 1,284 shares of common stock of CVRx, Inc. sold by the reporting person in multiple transactions on March 2, 2026 with sale prices ranging from $7.90 to $7.98 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price. Vests as to 25% of the shares on February 27, 2027 and as to 1/48th of the shares each month thereafter.