Mirum (NASDAQ: MIRM) CFO exercises performance RSUs, sells shares to cover tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Mirum Pharmaceuticals’ Chief Financial Officer Eric Bjerkholt exercised performance-based equity and sold shares mainly to cover taxes. He converted 13,334 performance restricted stock units into common stock at a conversion price of $0.0000 per unit. On the next trading day, 7,287 common shares were sold at an average price of $91.9779 per share to satisfy tax withholding obligations tied to this vesting. After these transactions, he directly held 49,788 shares of Mirum common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 7,287 shares ($670,243)
Net Sell
3 txns
Insider
BJERKHOLT ERIC
Role
CHIEF FINANCIAL OFFICER
Sold
7,287 shs ($670K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 7,287 | $91.9779 | $670K |
| Exercise | Performance Restricted Stock Units | 13,334 | $0.00 | -- |
| Exercise | Common Stock | 13,334 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 49,788 shares (Direct);
Performance Restricted Stock Units — 6,666 shares (Direct)
Footnotes (1)
- Each performance restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. Shares sold to cover tax withholding obligations associated with the vesting of the performance restricted stock units. The shares vest as follows: 2/3 of the shares vest on March 15, 2026 and 1/3 of the shares vest on March 15, 2027.
FAQ
What insider transactions did Mirum Pharmaceuticals (MIRM) report for its CFO?
Mirum’s CFO Eric Bjerkholt exercised 13,334 performance restricted stock units into common stock and sold 7,287 shares. The sale was specifically to cover tax withholding obligations linked to the vesting, leaving him with 49,788 Mirum common shares held directly.
What equity awards did the Mirum (MIRM) CFO exercise in this Form 4?
The CFO exercised 13,334 performance restricted stock units, each representing a contingent right to receive one Mirum common share. These units converted into 13,334 common shares at a conversion price of $0.0000, reflecting stock-based compensation rather than a cash purchase.
How do the Mirum (MIRM) performance restricted stock units vest for the CFO?
The filing notes that two-thirds of the performance restricted stock units vest on March 15, 2026, and the remaining one-third vest on March 15, 2027. Each vested unit entitles the holder to receive one share of Mirum common stock upon settlement.