Savage William Jacob 4
Research Summary
AI-generated summary
Disc Medicine (IRON) CMO William Savage Sells Shares
What Happened William Jacob Savage, Chief Medical Officer of Disc Medicine (IRON), sold 3,256 shares on February 17, 2026 at $62.86 per share for a reported total of $204,672. The filing reports this as a sale (transaction code S) and the reported footnote states the sale was to cover tax withholding related to vested restricted stock units.
Key Details
- Transaction date and price: 2026-02-17 at $62.86 per share.
- Shares sold / value: 3,256 shares for $204,672 (reported).
- Shares owned after transaction: not specified in the provided filing.
- Footnote: F1 — this was a "sell to cover" to satisfy tax withholding on vested RSUs and "does not represent a discretionary transaction" by the reporting person.
- Filing: Form 4 filed with the SEC on 2026-02-17 (same day as the transaction), indicating timely reporting.
Context A sell-to-cover is a common administrative transaction when restricted stock units vest and taxes are due; it generally reflects tax withholding rather than a voluntary market-timing sale. Such transactions are typically less informative about an insider’s view of the company than open-market purchases.