Cytokinetics (CYTK) EVP executes 8,542-share sell-to-cover for RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cytokinetics EVP and Chief Commercial Officer Andrew Callos reported a company‑compelled sale of 8,542 shares of Common Stock at $62.15 per share on March 17, 2026 to cover tax withholding from RSU vesting.
These sell‑to‑cover transactions were executed in two tranches and are tied to compensation, rather than discretionary trading. Following the sales, Callos directly holds 71,573 Cytokinetics shares, maintaining a substantial equity stake in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 8,542 shares ($530,885)
Net Sell
2 txns
Insider
Callos Andrew
Role
EVP, Chief Commercial Officer
Sold
8,542 shs ($531K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,626 | $62.15 | $350K |
| Sale | Common Stock | 2,916 | $62.15 | $181K |
Holdings After Transaction:
Common Stock — 74,489 shares (Direct)
Footnotes (1)
- Company compelled sell-to-cover transaction to satisfy tax withholding obligations attributable to RSU vesting. Company compelled sell-to-cover transaction to satisfy tax withholding obligations attributable to RSU vesting.
FAQ
What insider transaction did Cytokinetics (CYTK) report for Andrew Callos?
Cytokinetics reported that Andrew Callos executed company‑compelled sell‑to‑cover transactions totaling 8,542 shares. The sales were triggered by tax withholding requirements related to restricted stock unit vesting, rather than a discretionary decision to reduce his investment position.
Were the Cytokinetics (CYTK) insider sales by Andrew Callos discretionary?
The sales were not discretionary; they were described as company‑compelled sell‑to‑cover transactions. The purpose was to satisfy tax withholding obligations arising from restricted stock unit vesting, indicating a compensation‑related event rather than an elective reduction of his share ownership.
What type of security was involved in Andrew Callos’s Cytokinetics (CYTK) Form 4 filing?
The Form 4 filing for Andrew Callos involved Cytokinetics Common Stock. The transactions reflect open‑market sales executed to cover taxes on RSU vesting, and there were no derivative securities such as options or warrants reported as part of this particular filing.