Century Therapeutics (IPSC) officer sells shares to cover tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Century Therapeutics, Inc. officer Gregory Russotti reported an automatic sale of 10,076 shares of common stock at $2.549 per share. According to the filing, these shares were sold solely to cover tax withholding obligations from vesting restricted stock units and were not sold at his discretion.
After the transaction, Russotti directly holds 515,427 common shares and indirectly holds 92,773 shares through the Gregory Russotti 2021 Family Trust. The activity reflects routine tax-related share withholding rather than a discretionary change in his investment position.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 10,076 shares ($25,684)
Net Sell
2 txns
Insider
Russotti Gregory
Role
See Remarks
Sold
10,076 shs ($26K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 10,076 | $2.549 | $26K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 515,427 shares (Direct);
Common Stock — 92,773 shares (Indirect, By Gregory Russotti 2021 Family Trust)
Footnotes (1)
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FAQ
What insider transaction did Gregory Russotti report at Century Therapeutics (IPSC)?
Gregory Russotti reported an automatic sale of 10,076 shares of Century Therapeutics common stock. The shares were sold at $2.549 each to satisfy tax withholding from vesting restricted stock units, rather than as a discretionary open-market trade.
What does the Form 4 reveal about Gregory Russotti’s indirect holdings of Century Therapeutics (IPSC) stock?
The Form 4 shows Russotti indirectly owns 92,773 Century Therapeutics shares through the Gregory Russotti 2021 Family Trust. This indirect position is in addition to his 515,427 directly held shares, providing a fuller picture of his total reported beneficial ownership stake.