MeiraGTx (MGTX) CMO amends Form 4 for 7,814 tax-withheld shares
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
MeiraGTx Holdings plc Chief Medical Officer Robert K. Zeldin reported an administrative update related to equity compensation. On the vesting of an award, 7,814 Ordinary Shares were withheld to pay taxes at an indicated value of $7.73 per share. Following this tax-withholding disposition, he beneficially owns 146,204 Ordinary Shares directly. This amended filing corrects the previously reported number of shares withheld and the post-transaction holdings, and also adjusts total beneficial ownership down by two shares to address earlier rounding errors.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Zeldin Robert K
Role
CHIEF MEDICAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Ordinary Shares | 7,814 | $7.73 | $60K |
Holdings After Transaction:
Ordinary Shares — 146,204 shares (Direct, null)
Footnotes (1)
- Shares withheld for payment of taxes upon vesting of award. Due to an administrative error, this Form 4 is being amended to reflect the correct number of shares withheld for payment of taxes upon vesting of award as well as the number of securities beneficially owned following the reported transaction. Amount of securities beneficially owned has also been adjusted down by two shares due to rounding errors on two prior reports.
Key Figures
Tax-withheld shares: 7,814 shares
Implied tax value per share: $7.73 per share
Shares owned after transaction: 146,204 shares
+2 more
5 metrics
Tax-withheld shares
7,814 shares
Shares withheld for payment of taxes upon vesting of award
Implied tax value per share
$7.73 per share
Value used for shares withheld to pay taxes
Shares owned after transaction
146,204 shares
Ordinary shares beneficially owned following reported transaction
Tax-withholding transactions
1 transaction, 7,814 shares
Summary of tax-withholding dispositions in this filing
Rounding adjustment
2 shares
Beneficial ownership reduced due to prior rounding errors
Key Terms
tax-withholding disposition, beneficially owned, vesting of award, Form 4/A
4 terms
tax-withholding disposition financial
"The filing describes the event as a tax-withholding disposition related to equity awards."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
beneficially owned financial
"Amount of securities beneficially owned has also been adjusted down by two shares."
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
vesting of award financial
"Shares withheld for payment of taxes upon vesting of award."
Form 4/A regulatory
"Due to an administrative error, this Form 4 is being amended to reflect the correct number of shares."
Form 4/A is an amended filing that corrects or updates an earlier Form 4, the mandatory report that insiders (like company executives, directors, or large shareholders) must file when their ownership stakes change. Think of it as an edited receipt showing who bought or sold stock and when; investors use it to track insider confidence, detect potential conflicts, and spot trading patterns that might signal future company prospects.
FAQ
What did MeiraGTx (MGTX) executive Robert K. Zeldin report in this Form 4/A?
Robert K. Zeldin reported an amended insider transaction related to equity compensation. The filing updates the number of MeiraGTx ordinary shares withheld to pay taxes on a vesting award and corrects his beneficial ownership figures, including minor rounding adjustments from two prior reports.
Why was this MeiraGTx (MGTX) Form 4/A filed as an amendment?
The Form 4/A was filed to correct administrative errors in a prior report. It updates the exact number of MeiraGTx shares withheld to pay taxes on a vesting award, revises the post-transaction beneficial ownership, and adjusts that figure down by two shares for earlier rounding mistakes.
Does this MeiraGTx (MGTX) Form 4/A indicate an open-market sale by the CMO?
No, the transaction is described as a tax-withholding disposition, not an open-market sale. MeiraGTx shares were withheld to satisfy tax obligations when an equity award vested, with 7,814 shares applied at $7.73 per share, and remaining holdings updated accordingly in the amended filing.