Callos Andrew 4
4 · CYTOKINETICS INC · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
Cytokinetics (CYTK) EVP Andrew Callos Sells 2,582 Shares
What Happened
Andrew Callos, EVP and Chief Commercial Officer of Cytokinetics (CYTK), disposed of 2,582 shares on 2026-03-09 in an open-market/private sale at $60.72 per share for total proceeds of $156,779. The filing notes this was a sell-to-cover transaction to satisfy tax withholding obligations related to vested restricted stock units (RSUs), a routine post-vesting sale rather than a discretionary investment sell-off.
Key Details
- Transaction date: 2026-03-09; filed with the SEC on 2026-03-10.
- Shares sold: 2,582 at $60.72 per share; proceeds $156,779.
- Transaction type/code: Sale (S) — noted as open-market or private sale.
- Footnote: F1 — sell-to-cover to satisfy company tax withholding on vested RSUs.
- Shares owned after transaction: not specified in the filing.
- Filing timeliness: reported the next day (appears timely, no late-filing indicator noted).
Context
Sell-to-cover transactions are common when RSUs vest and typically reflect tax withholding rather than a directional bet on the stock. For retail investors, purchases by insiders are often more informative about confidence in the company; routine tax-related sales should be interpreted accordingly.
Insider Transaction Report
- Sale
Common Stock
[F1]2026-03-09$60.72/sh−2,582$156,779→ 47,858 total
Footnotes (1)
- [F1]Sell to cover transaction to satisfy company tax withholding obligations upon vesting of RSUs.