Immunovant, Inc. (IMVT) CLO sells 2,877 shares to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Immunovant, Inc.’s Chief Legal Officer Christopher Van Tuyl reported a mandated tax-related share sale. On March 18, he disposed of 2,877 shares of common stock at $24.97 per share to cover tax withholding obligations from recently vested restricted stock units. After this transaction, he directly holds 147,053 shares. The company notes this "sell to cover" sale was required under its tax withholding policy and was not a discretionary trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,877 shares ($71,839)
Net Sell
1 txn
Insider
Van Tuyl Christopher
Role
Chief Legal Officer
Sold
2,877 shs ($72K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,877 | $24.97 | $72K |
Holdings After Transaction:
Common Stock — 147,053 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Immunovant (IMVT) report for Christopher Van Tuyl?
Immunovant’s Chief Legal Officer Christopher Van Tuyl reported disposing of 2,877 common shares. The shares were sold at $24.97 each to satisfy tax withholding obligations related to vested restricted stock units, rather than as a discretionary open-market trade.
Was the March 18, 2026 sale by Immunovant’s CLO a discretionary trade?
No. The company states the sale was mandated by its election to fund tax withholding through a "sell to cover" transaction. As a result, the trade was executed to meet tax obligations and did not represent a voluntary decision to reduce his Immunovant shareholdings.
What prior equity award to Immunovant’s CLO is referenced in this Form 4?
The filing references a grant of 109,956 restricted stock units on December 16, 2024, previously reported in a December 18, 2024 Form 4. Of that award, 6,872 RSUs vested on March 16, 2026, triggering the associated tax withholding that led to the share sale.