RIGEL (RIGL) EVP Furey uses 877 shares to cover tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RIGEL PHARMACEUTICALS INC executive Raymond J. Furey reported a small tax-related share disposition. On June 1, 2026, 877 shares of common stock were delivered at $29.86 per share to cover tax obligations, a non‑market transaction classified as a tax-withholding disposition. Following this, he directly holds 50,936 common shares, indicating the adjustment is minor relative to his remaining position.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Furey Raymond J.
Role
EVP, GC, CCO & Corp Sec
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 877 | $29.86 | $26K |
Holdings After Transaction:
Common Stock — 50,936 shares (Direct, null)
Footnotes (1)
Key Figures
Shares used for tax withholding: 877 shares
Price per share: $29.86/share
Shares held after transaction: 50,936 shares
3 metrics
Shares used for tax withholding
877 shares
Tax-withholding disposition on June 1, 2026
Price per share
$29.86/share
Value applied to 877-share tax-withholding disposition
Shares held after transaction
50,936 shares
Direct common stock holdings following Form 4 event
Key Terms
tax-withholding disposition, Common Stock, Form 4, transaction code "F"
4 terms
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
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.
Common Stock financial
"security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
transaction code "F" regulatory
"transaction_code_description: "Payment of exercise price or tax liability by delivering securities""
FAQ
What insider transaction did RIGEL (RIGL) report for Raymond J. Furey?
RIGEL reported that executive Raymond J. Furey had 877 shares of common stock disposed of to satisfy tax obligations. This was a tax-withholding disposition, not an open-market trade, and reflects routine administration of equity compensation rather than a discretionary buy or sell decision.
Was the RIGEL (RIGL) Form 4 transaction an open-market sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. 877 shares were delivered at $29.86 per share to pay tax liabilities associated with equity, meaning the transaction does not represent a discretionary sale in the market by the executive.
What are Raymond J. Furey’s RIGEL (RIGL) holdings after this Form 4?
After the tax-withholding disposition, Raymond J. Furey directly holds 50,936 shares of RIGEL common stock. This shows that the 877 shares used to satisfy tax obligations are small compared with his remaining direct equity position in the company.
What does transaction code "F" mean on the RIGEL (RIGL) Form 4?
Transaction code "F" indicates shares were delivered to pay an option exercise price or tax liability. In this RIGEL filing, it reflects 877 shares of common stock used to satisfy tax obligations, classifying the event as a mechanistic tax-withholding disposition rather than an open-market trade.