Tarsus (NASDAQ: TARS) HR chief sells 12,274 shares in tax-related trades
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tarsus Pharmaceuticals Chief Human Resources Officer Dianne C. Whitfield reported mandated sales of common stock to cover tax withholding obligations tied to restricted stock unit vesting. Over three days, she sold a total of 12,274 shares in open-market transactions at prices between $67 and $69.42 per share. After these sales, she directly held 35,028 shares of common stock. A footnote explains the transactions were "sell to cover" sales required by the company’s tax policy and were not discretionary trades initiated by her.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 12,274 shares ($839,070)
Net Sell
3 txns
Insider
Whitfield Dianne C.
Role
Chief Human Resources Officer
Sold
12,274 shs ($839K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 4,174 | $67.00 | $280K |
| Sale | Common Stock | 4,071 | $68.71 | $280K |
| Sale | Common Stock | 4,029 | $69.42 | $280K |
Holdings After Transaction:
Common Stock — 35,028 shares (Direct)
Footnotes (1)
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FAQ
What did Tarsus Pharmaceuticals (TARS) executive Dianne C. Whitfield report on this Form 4?
Dianne C. Whitfield, Chief Human Resources Officer of Tarsus Pharmaceuticals, reported selling shares of common stock. The transactions covered tax withholding obligations from restricted stock unit vesting under a mandatory “sell to cover” arrangement elected by the company, rather than discretionary open-market sales.
Are the reported TARS stock sales by Dianne C. Whitfield considered open-market trades?
The transactions are coded as open-market sales of common stock, but the footnote clarifies they served to fund tax withholding via a required “sell to cover” election. This means they function as tax-related sales rather than discretionary investment decisions.