Rezolute (RZLT) CFO logs non-discretionary RSU tax-withholding share sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rezolute, Inc. CFO Daron Evans reported a mandated tax-withholding share disposition related to restricted stock units. On this Form 4, he disposed of 11,438 common shares at a weighted average price of $2.99 per share to cover tax obligations from RSU vesting, as required by the company’s sell-to-cover election and not as a discretionary trade. Following the transaction, he directly holds 404,462 common shares. He also reports additional indirect holdings in Rezolute shares held by his spouse, minor children, and PoC Capital LLC, a California limited liability company he manages, with beneficial ownership in the LLC disclaimed except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Evans Daron
Role
CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares | 11,438 | $2.99 | $34K |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 404,462 shares (Direct);
Common Shares — 7,000 shares (Indirect, Held by minor child #2)
Footnotes (1)
- The disposition reported on this Form 4 represents shares disposed of by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units ("RSUs"). The disposition is mandated by the Issuer's election to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person. The sale price reported above is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.98 to $3.07, inclusive. The reporting person undertakes to provide to Rezolute, Inc., any security holder of Rezolute, Inc., 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 this footnote. PoC Capital, LLC is a California limited liability company managed by the reporting person. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
FAQ
What insider transaction did Rezolute (RZLT) CFO Daron Evans report on this Form 4?
Rezolute CFO Daron Evans reported disposing of 11,438 common shares. The shares were used to cover tax withholding obligations arising from the vesting and settlement of restricted stock units, under a company-mandated sell-to-cover arrangement rather than a discretionary trade.
What is PoC Capital LLC’s relationship to Rezolute (RZLT) CFO Daron Evans in this Form 4?
PoC Capital LLC is a California limited liability company managed by Daron Evans. The Form 4 notes he disclaims beneficial ownership of Rezolute shares held by PoC Capital LLC, except for his pecuniary interest in those securities through the entity.