Immunovant (IMVT) COO executes 3,238-share sell-to-cover tax transaction
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Immunovant, Inc. Chief Operating Officer Gloria Melanie reported three open-market sales of common stock that together totaled 3,238 shares on February 25, 2026. The reported transactions were executed at weighted average prices of $26.98, $28.16, and $28.90 per share.
According to the footnotes, these shares were sold to cover tax withholding obligations arising from the vesting and settlement of 6,872 restricted stock units that vested on February 18, 2026. The filing states that the sales were mandated under a “sell to cover” arrangement and do not represent discretionary trading decisions by the officer.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,238 shares ($90,184)
Net Sell
3 txns
Insider
Gloria Melanie
Role
Chief Operating Officer
Sold
3,238 shs ($90K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,437 | $26.98 | $39K |
| Sale | Common Stock | 859 | $28.16 | $24K |
| Sale | Common Stock | 942 | $28.90 | $27K |
Holdings After Transaction:
Common Stock — 172,074 shares (Direct)
Footnotes (1)
- On November 18, 2024, the holder was granted 109,956 restricted stock units ("RSUs"), as previously reported on a Form 4 filed on November 20, 2024, of which 6,872 of these RSUs vested on February 18, 2026. 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 $26.66 - $27.60 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. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.67 - $28.61 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. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.70 - $29.13 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 insider transaction did Immunovant (IMVT) report for Gloria Melanie?
Immunovant reported that Chief Operating Officer Gloria Melanie sold 3,238 shares of common stock on February 25, 2026. The filing states these were open-market sales tied to tax withholding obligations from recently vested restricted stock units.
What prior equity grant to Immunovant (IMVT) COO is referenced in the Form 4?
The footnotes state that on November 18, 2024, the holder was granted 109,956 restricted stock units, previously reported on a November 20, 2024 Form 4. A portion of these RSUs, 6,872 units, vested on February 18, 2026, triggering the tax-related share sales.