Lexeo Therapeutics (LXEO) CEO acquires 2,623 shares via employee stock plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lexeo Therapeutics Chief Executive Officer Richard Nolan Townsend acquired 2,623 shares of common stock at $2.644 per share through the company’s 2023 Employee Stock Purchase Plan, in a transaction exempt under Rule 16b-3(c) and 16b-3(d). Following this award, he directly holds 395,106 shares, including 261,349 restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Townsend Richard Nolan
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,623 | $2.644 | $7K |
Holdings After Transaction:
Common Stock — 395,106 shares (Direct)
Footnotes (1)
- The reporting person is voluntarily reporting the acquisition of shares of the Issuer's common stock pursuant to the Lexeo Therapeutics, Inc. 2023 Employee Stock Purchase Plan. This transaction is exempt under both Rule 16b-3(c) and Rule 16b-3(d). Includes 261,349 Restricted Stock Units.
FAQ
What insider transaction did Lexeo Therapeutics (LXEO) report for its CEO?
Lexeo Therapeutics reported that CEO Richard Nolan Townsend acquired 2,623 shares of common stock at $2.644 per share. The acquisition occurred under the 2023 Employee Stock Purchase Plan and is exempt under Rule 16b-3(c) and 16b-3(d).
Does the Lexeo Therapeutics (LXEO) Form 4 show a purchase or sale on the open market?
The Form 4 does not show an open-market purchase or sale. Instead, it reports an acquisition coded as a grant or award under the 2023 Employee Stock Purchase Plan, which is treated as an exempt transaction under SEC Rule 16b-3 provisions.
What role does the 2023 Employee Stock Purchase Plan play for Lexeo Therapeutics (LXEO)?
The 2023 Employee Stock Purchase Plan allows eligible Lexeo Therapeutics employees, including executives, to acquire company common stock. The CEO’s 2,623-share acquisition was reported as occurring under this plan and qualifies for exemptions under SEC Rule 16b-3(c) and 16b-3(d).
How many restricted stock units does the Lexeo Therapeutics (LXEO) CEO hold?
Within the CEO’s total 395,106 Lexeo Therapeutics shares, 261,349 are restricted stock units. Restricted stock units typically convert into common shares upon vesting, subject to continued service and any performance or time-based conditions set by the company’s plans.