Sangamo (NASDAQ: SGMO) SVP surrenders shares to cover RSU tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sangamo Therapeutics senior executive reports share dispositions tied to RSU tax withholding. SVP and Chief Development Officer Nathalie Dubois-Stringfellow surrendered 2,063 common shares at $0.4725 per share on February 24, 2026 and 12,354 shares at $0.47 per share on February 25, 2026.
Both transactions were required to cover taxes on restricted stock units that had just vested under the company’s 2018 Equity Incentive Plan and were deemed dispositions to the company, not discretionary open‑market trades. After these transactions, she directly owns 678,711 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Dubois-Stringfellow Nathalie
Role
SVP-CHIEF DEVELOPMENT OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 12,354 | $0.47 | $6K |
| Tax Withholding | Common Stock | 2,063 | $0.4725 | $974.77 |
Holdings After Transaction:
Common Stock — 678,711 shares (Direct)
Footnotes (1)
- Represents shares underlying the portion of a restricted stock unit ("RSU") grant that vested on February 24, 2026, which were surrendered by the Reporting Person solely for mandatory tax withholding purposes using the Issuer's closing stock price on February 24, 2026 of $0.4725/share, pursuant to the terms of the Issuer's Amended and Restated 2018 Equity Incentive Plan, as amended (the "2018 EIP"). This required tax withholding transaction is deemed to constitute a disposition of these shares to the Issuer for reporting purposes and does not represent a discretionary trade by the Reporting Person in the open market or otherwise. Includes: (a) 2,947 shares from the February 24, 2026 vesting installment of the Reporting Person's February 24, 2023 RSU grant and (b) 120,000 shares subject to Reporting Person's February 25, 2025 RSU grant that will vest as to one-fourth (1/4) of the shares subject to the grant on February 25, 2026, and the remainder of the shares will vest in 8 successive equal quarterly installments thereafter. The vesting of all such RSU grants is subject to the Reporting Person's Continuous Service (as defined in the 2018 EIP) through each such date and subject to acceleration as provided in the 2018 EIP. Represents shares underlying the portion of an RSU grant that vested on February 25, 2026, which were surrendered by the Reporting Person solely for mandatory tax withholding purposes using the Issuer's closing stock price on February 25, 2026 of $0.47/share, pursuant to the terms of the 2018 EIP. This required tax withholding transaction is deemed to constitute a disposition of these shares to the Issuer for reporting purposes and does not represent a discretionary trade by the Reporting Person in the open market or otherwise. Includes: 17,646 shares from the February 25, 2026 vesting installment of the Reporting Person's February 25, 2025 RSU grant and the remaining 90,000 shares will vest in 8 successive equal quarterly installments thereafter. The vesting of all such RSU grants is subject to the Reporting Person's Continuous Service (as defined in the 2018 EIP) through each such date and subject to acceleration as provided in the 2018 EIP.
FAQ
What did Sangamo Therapeutics (SGMO) insider Nathalie Dubois-Stringfellow report in this Form 4?
Nathalie Dubois-Stringfellow reported two required share dispositions related to tax withholding on vested RSUs. She surrendered 2,063 and 12,354 common shares on consecutive days, with both transactions treated as dispositions to the company rather than open-market trades under the 2018 Equity Incentive Plan.
Were the SGMO insider transactions discretionary sales in the open market?
No, the reported SGMO transactions were not discretionary open-market sales. Footnotes state the shares were surrendered solely to satisfy mandatory tax withholding on vested RSUs, and are deemed dispositions to the issuer for reporting purposes under the Amended and Restated 2018 Equity Incentive Plan.
What do the Form 4 footnotes reveal about the SGMO RSU vesting schedule?
The footnotes detail RSUs from 2023 and 2025 grants. They note 2,947 shares from a 2023 grant vesting on February 24, 2026 and 17,646 shares from a 2025 grant vesting on February 25, 2026, with remaining 90,000 shares vesting in eight equal quarterly installments thereafter.