IMVT Chief Medical Officer sells 1,272 shares to cover RSU taxes
Rhea-AI Filing Summary
Insider sale to cover taxes: The Chief Medical Officer, Michael Geffner, sold 1,272 shares of Immunovant common stock on 10/08/2025 as a sell-to-cover to satisfy tax withholding tied to vested restricted stock units. The weighted average sale price was $16.30 per share (individual trades ranged $16.06–$16.48).
Geffner was granted 54,978 RSUs on 4/2/2024; 3,436 of those RSUs vested on 10/2/2025. After the reported sale, the reporting person beneficially owned 220,553 shares. The filing states the sale was mandated by the issuer's sell-to-cover tax election and not a discretionary transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,272 | $16.30 | $21K |
Footnotes (1)
- On April 2, 2024, the holder was granted 54,978 restricted stock units ("RSUs"), as previously reported on a Form 4 filed on April 4, 2024, of which 3,436 of these RSUs vested on October 2, 2025. The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of these RSUs. The sale is mandated by the Issuer's election to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.06 - $16.48 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
FAQ
What transaction did the Immunovant (IMVT) insider report on Form 4?
How many RSUs were granted to the reporting person and how many vested?
Was the sale discretionary or required by the company?