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ADMA BIOLOGICS, INC.·4

Mar 10, 9:00 PM ET

Grossman Adam S 4

Research Summary

AI-generated summary

Updated

ADMA CEO Adam Grossman Withholds 85,951 Shares for Taxes

What Happened
Adam S. Grossman, President, CEO and a director of ADMA Biologics (ADMA), had a total of 85,951 shares withheld by the company to satisfy mandatory tax withholding when restricted stock units (RSUs) vested. The withholdings occurred on 2026-03-06 (56,438 shares @ $15.39, $868,581) and 2026-03-07 (29,513 shares @ $15.39, $454,205). These were internal tax-withholding transactions (code F), not open-market sales.

Key Details

  • Transaction dates and amounts:
    • 2026-03-06: 56,438 shares withheld @ $15.39 each = $868,581
    • 2026-03-07: 29,513 shares withheld @ $15.39 each = $454,205
  • Total shares withheld: 85,951; total value ≈ $1,322,786.
  • Shares owned after the transactions: Reporting person holds 1,224,943 shares (per footnote).
  • Unvested RSUs (will convert to shares on vesting):
    • 282,529 RSUs granted 2/9/2026 (quarterly vesting over 4 years)
    • 189,017 unvested RSUs out of 252,022 granted 2/19/2025
    • 278,864 unvested RSUs out of 557,728 granted 2/26/2024
    • 143,424 unvested RSUs out of 573,695 granted 3/6/2023
    • Total unvested RSUs listed ≈ 893,834 (vest quarterly on each annual anniversary over four years)
  • Ownership via entities: some shares are held by Areth, LLC and Hariden, LLC; Grossman is a control person/managing member of those entities (footnotes F5/F6).
  • Transaction code = F (shares withheld to satisfy tax withholding on RSU vesting). This is not an open-market sale.
  • Filing: Form 4 filed 2026-03-10 reporting 2026-03-06 and 2026-03-07 transactions — filed within the usual Section 16 reporting timeframe (no late filing indicated).

Context
These transactions reflect standard tax-withholding on vested RSUs (a routine corporate administrative action), not a discretionary sale by the insider. Withheld shares reduce the number of new shares delivered on vesting because the company retains them to cover taxes. For retail investors, purchases by insiders can be more meaningful than withholdings; tax-withholdings generally do not signal a change in the insider’s view of the company.