Foster Wayne 4

What Happened

• Wayne Foster, Executive Vice President and Chief Accounting Officer of Atea Pharmaceuticals (AVIR), had restricted stock units (RSUs) and related derivative awards vest/convert on Jan 31, 2026. The filing shows a grant/award or conversion totaling 108,000 RSU-type shares and an additional 41,333 shares from derivative conversion recorded as acquired. To cover tax withholding, 12,132 shares were surrendered at $4.24 per share for $51,440. Other derivative conversion entries show 33,333 and 8,000 shares as disposed (reported at $0), consistent with net settlement/withholding activity. Overall the reported activity results in a net increase of 95,868 shares based on the reported acquired and disposed line items.

Key Details

• Transaction date: January 31, 2026; Form 4 filed February 3, 2026 (timely — within the SEC’s two-business-day window).
• Tax withholding: 12,132 shares surrendered at $4.24/share = $51,440 to cover tax liability (code F).
• Reported entries: 108,000 shares (A: award/grant, RSU-type), 41,333 shares acquired via conversion (M), and disposals of 33,333 and 8,000 shares (M), plus the 12,132-share tax withholding (F).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Relevant footnotes: F1 clarifies each RSU converts to one share; F2 notes an original 100,000 RSU grant vested in full as of Jan 31, 2026; F3 notes performance RSUs vested upon satisfying performance criteria on Jan 31, 2026; F4 describes an option’s future monthly vesting schedule starting Jan 31, 2026.

Context

• These were not open-market purchases or sales in the usual sense: the activity reflects RSU vesting/conversion and internal withholding to satisfy tax obligations (common, administrative actions rather than an opportunistic buy/sell signal).
• The $0.00 amounts on some derivative lines reflect conversion/settlement mechanics (not a market sale at zero value). The only cash value reported in the excerpt is the tax withholding ($51,440).
• For retail investors: awards and vesting are routine compensation events; purchases are generally more informative about bullish insider sentiment, while vesting/withholding is typically administrative.