Parker Craig C 4
4 · Surrozen, Inc./DE · Filed May 5, 2026
Research Summary
AI-generated summary of this filing
Surrozen (SRZN) CEO Craig C. Parker Sells 4,524 Shares
What Happened
Craig C. Parker, CEO of Surrozen, reported RSU-related activity and an open-market sale. On May 1, 2026, 12,500 restricted stock units (RSUs) converted/exercised into shares. On May 4, 2026, Parker sold 4,524 shares in the open market at a weighted average price of $33.33, generating $150,798; the filing notes those sales were to cover withholding taxes on the vested RSUs.
Key Details
- Transaction dates: RSU conversion/exercise recorded May 1, 2026; sale executed May 4, 2026.
- Sale details: 4,524 shares sold at a weighted average price of $33.33; total proceeds $150,798. Report indicates individual sale prices ranged $33.04–$33.63.
- RSU conversion: 12,500 RSUs converted/treated as derivative exercise on May 1, 2026 (per filing entries).
- Footnotes: F1—each RSU = right to one share; F2—shares sold were to cover withholding taxes and were initiated by the issuer; F3—these RSUs vest in two equal installments on May 1, 2026 and May 1, 2027.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Filing timeliness: report filed May 5, 2026 for May 1 transactions (appears later than the typical 2-business-day window).
Context
This was a routine tax-withholding sale tied to RSU vesting (not an independent investment sale). The filing shows RSUs were converted into shares and a portion sold to satisfy withholding obligations; such transactions are common following equity vesting and do not, by themselves, indicate a change in insider sentiment.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-05-01+12,500→ 21,077 total - Sale
Common Stock
[F2]2026-05-04$33.33/sh−4,524$150,798→ 16,553 total - Exercise/Conversion
Restricted Stock Unit
[F1][F3]2026-05-01−12,500→ 12,500 total→ Common Stock (12,500 underlying)
Footnotes (3)
- [F1]Each restricted stock unit, or RSU, represents a contingent right to receive one share of the Issuer's common stock.
- [F2]The shares were sold to cover withholding taxes upon vesting of RSUs in transactions that were initiated by the Issuer on the reporting person's behalf. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.04 to $33.63, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.
- [F3]These RSUs vest in two equal installments on May 1, 2026 and May 1, 2027.