Doyle John Brendan 4
Research Summary
AI-generated summary
Cognition Therapeutics (CGTX) CFO John Doyle Withholds 1,560 Shares for Taxes
What Happened
John Brendan Doyle, Chief Financial Officer of Cognition Therapeutics (CGTX), had 1,560 shares withheld by the company to satisfy tax-withholding obligations tied to the vesting of restricted stock units (RSUs). The withholding was reported at $1.12 per share, totaling approximately $1,747. This is a routine tax-withholding disposition, not an open-market sale or a purchase.
Key Details
- Transaction date: 2026-02-15; Filing date: 2026-02-18 (appears timely).
- Action: Shares withheld to cover taxes (transaction code F).
- Quantity withheld/disposed: 1,560 shares at $1.12 per share (total ~$1,747).
- Footnote: F1 — shares were withheld by the issuer to cover tax withholding on RSU vesting.
- Shares owned after transaction: not specified in the provided filing excerpt.
Context
Withholding shares to cover taxes on vested RSUs is a common administrative action and generally does not signal a deliberate sale by the insider. It reduces the insider’s share count but is done to meet tax obligations rather than to raise cash or express a view on the company's stock.