Evans John M. 4
Research Summary
AI-generated summary
Beam Therapeutics CEO John M. Evans Sells 30,078 Shares
What Happened
John M. Evans, CEO and director of Beam Therapeutics (BEAM), disposed of 30,078 shares on April 1, 2026 at $24.58 per share for total proceeds of $739,317. The filing shows the shares were automatically sold to cover tax withholding obligations related to vested restricted stock units.
Key Details
- Transaction date and price: 2026-04-01 — 30,078 shares sold at $24.58 each; proceeds $739,317.
- Transaction type: Sale (reported as S); non‑discretionary automatic sale to cover taxes (footnote F1).
- 10b5‑1 plan: Sales were effected under a Rule 10b5‑1 trading plan adopted May 19, 2023 (per F1).
- ESPP note: Footnote F2 reports 616 shares were acquired under the company ESPP on March 31, 2026.
- Shares owned after transaction: Not specified in this filing.
- Filing timeliness: Form 4 was filed April 6, 2026 for an April 1 transaction — this is later than the typical 2-business-day Form 4 deadline.
Context
This sale was a routine tax-withholding disposition tied to RSU vesting and executed under a pre-established 10b5‑1 plan, which is commonly viewed as administrative rather than a signal about insider sentiment. The small ESPP purchase noted is routine employee participation. The late filing means the market received disclosure later than the usual reporting window.