RSU tax withholding trims Sangamo (SGMO) officer’s share holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sangamo Therapeutics principal accounting officer Nikunj Jain reported two share dispositions tied to restricted stock unit (RSU) vesting and tax withholding. On February 24, 2026, 666 shares of common stock were surrendered at $0.4725 per share to satisfy mandatory tax obligations on vested RSUs.
On February 25, 2026, an additional 5,119 shares were surrendered at $0.47 per share for the same tax-withholding purpose under the company’s 2018 Equity Incentive Plan. These transactions are reported as dispositions to the company and are explicitly described as non-discretionary, not open-market trades.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Jain Nikunj
Role
Principal Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 5,119 | $0.47 | $2K |
| Tax Withholding | Common Stock | 666 | $0.4725 | $314.69 |
Holdings After Transaction:
Common Stock — 237,211 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) 952 shares from the February 24, 2026 vesting installment of the Reporting Person's February 24, 2023 RSU grant and (b) 49,726 shares subject to Reporting Person's February 25, 2025 RSU grant that will vest as to one-quarter (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: 7,313 shares from the February 25, 2026 vesting installment of the Reporting Person's February 25, 2025 RSU grant and the remaining 37,294 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 activity did Sangamo Therapeutics (SGMO) report for Nikunj Jain?
Sangamo’s principal accounting officer, Nikunj Jain, reported two tax-withholding share dispositions linked to RSU vesting, surrendering 666 shares on February 24, 2026 and 5,119 shares on February 25, 2026, all under the company’s 2018 Equity Incentive Plan.
Were the SGMO insider transactions open-market sales or tax withholding?
The transactions were mandatory tax-withholding dispositions, not open-market sales. Shares were surrendered to Sangamo to cover tax liabilities arising from RSU vesting, using the issuer’s closing stock prices on February 24, 2026 and February 25, 2026, as specified in the filing footnotes.
What RSU vesting details are disclosed for Sangamo’s Nikunj Jain?
The filing notes RSU vesting on February 24 and 25, 2026, including 952 vested shares from a February 24, 2023 grant and 7,313 vested shares from a February 25, 2025 grant, with remaining RSU shares vesting in eight successive equal quarterly installments, subject to continuous service.
Which equity plan governs these Sangamo RSU and tax-withholding transactions?
Both the RSU vesting and related tax-withholding share surrenders are governed by Sangamo’s Amended and Restated 2018 Equity Incentive Plan, as amended. The plan allows using vested RSU shares, valued at the issuer’s closing stock price, to satisfy mandatory tax obligations upon vesting.