MapLight (NASDAQ: MPLT) counsel sells 1,827 shares mainly to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MapLight Therapeutics General Counsel Kristopher Hanson reported small open‑market sales of Voting Common Stock primarily to cover taxes on vesting stock awards. He sold a total of 1,827 shares across three transactions at prices around $26.80, $27.01, and $27.49 per share, as described with weighted average price ranges in the footnotes.
A footnote states the transactions represent shares sold to satisfy statutory tax withholding obligations tied to restricted stock unit vesting, indicating these are mechanistic rather than discretionary sales. After these transactions and prior plan purchases, Hanson directly holds 190,165 shares of MapLight Therapeutics common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,827 shares ($49,134)
Net Sell
3 txns
Insider
Hanson Kristopher
Role
General Counsel
Sold
1,827 shs ($49K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Voting Common Stock | 73 | $27.01 | $2K |
| Sale | Voting Common Stock | 225 | $27.49 | $6K |
| Sale | Voting Common Stock | 1,529 | $26.80 | $41K |
Holdings After Transaction:
Voting Common Stock — 190,390 shares (Direct)
Footnotes (1)
- Represents the number of shares required to be sold to cover the statutory tax withholding obligations in connection with the vesting of the restricted stock units. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.33 to $27.29 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2), (3) and (5). Includes 410 shares acquired under the Issuer's stock purchase plan on March 31, 2026. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.2201 to $27.2197 inclusive. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.22 to $27.9898 inclusive.
Key Figures
Total shares sold: 1,827 shares
Sale price 1: $26.80 per share
Sale price 2: $27.01 per share
+4 more
7 metrics
Total shares sold
1,827 shares
Voting Common Stock sales reported in Form 4
Sale price 1
$26.80 per share
1,529 shares of Voting Common Stock sold
Sale price 2
$27.01 per share
73 shares of Voting Common Stock sold
Sale price 3
$27.49 per share
225 shares of Voting Common Stock sold
Shares held after transactions
190,165 shares
Direct ownership of Voting Common Stock after sales
Plan shares acquired
410 shares
Acquired under stock purchase plan on March 31, 2026
Price range example
$26.33–$27.29
Weighted average sale price range noted in footnote
Key Terms
restricted stock units, statutory tax withholding obligations, weighted average price, stock purchase plan, +1 more
5 terms
restricted stock units financial
"in connection with the vesting of the restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
statutory tax withholding obligations financial
"shares required to be sold to cover the statutory tax withholding obligations"
weighted average price financial
"The price reported is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
stock purchase plan financial
"Includes 410 shares acquired under the Issuer's stock purchase plan"
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What did MapLight Therapeutics (MPLT) General Counsel Kristopher Hanson report in this Form 4?
Kristopher Hanson reported selling 1,827 shares of MapLight Therapeutics Voting Common Stock. The filing explains these sales were made mainly to cover statutory tax withholding obligations from restricted stock unit vesting, rather than as large discretionary trades, and he continues to hold 190,165 shares.
What do the weighted average price footnotes mean in the MapLight Therapeutics (MPLT) Form 4?
The footnotes explain that reported prices are weighted averages across multiple trades in specified ranges. For example, some shares were sold between about $26.33 and $27.29. Hanson undertakes to provide detailed trade-by-trade pricing information upon request to investors or regulators.