Sangamo (SGMO) legal chief surrenders shares for RSU tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sangamo Therapeutics SVP and Chief Legal Officer Scott B. Willoughby reported mandatory tax-withholding share dispositions tied to restricted stock unit (RSU) vesting. On February 24, 2026, 1,650 common shares were surrendered at $0.4725 per share, and on February 25, 2026, 12,354 common shares were surrendered at $0.47 per share.
In both cases, the shares were delivered back to the company solely to cover tax liabilities upon RSU vesting under Sangamo’s 2018 Equity Incentive Plan and were not discretionary open-market trades. After these transactions, Willoughby directly owned 651,406 shares of Sangamo common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Willoughby Scott B.
Role
SVP, CHIEF LEGAL OFFICER, SECY
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 12,354 | $0.47 | $6K |
| Tax Withholding | Common Stock | 1,650 | $0.4725 | $779.63 |
Holdings After Transaction:
Common Stock — 651,406 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) 2,358 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 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 insider transactions did SGMO executive Scott B. Willoughby report?
Scott B. Willoughby reported two tax-withholding share dispositions linked to RSU vesting. He surrendered 1,650 common shares on February 24, 2026 and 12,354 shares on February 25, 2026, both delivered to Sangamo to satisfy mandatory tax obligations under its equity plan.
Were Scott B. Willoughby’s SGMO stock transactions open-market sales?
No, the transactions were not open-market sales. The filing states the shares were surrendered solely for mandatory tax withholding when RSUs vested, and are deemed dispositions to Sangamo for reporting purposes, rather than discretionary trades executed in the market by Willoughby.
What RSU grants are referenced in Scott B. Willoughby’s SGMO Form 4?
The filing references RSUs granted on February 24, 2023 and February 25, 2025. Portions of these RSUs vested on February 24 and 25, 2026, triggering the tax-withholding share surrenders, while remaining shares are scheduled to vest in future quarterly installments, subject to continuous service.