Vance Cary Guy 4
Research Summary
AI-generated summary
AVITA Medical CEO Vance Guy Buys 5,000 Shares via ESPP
What Happened
- Vance Cary Guy, President & CEO and Director of AVITA Medical (RCEL), acquired 5,000 shares on May 29, 2026 at $3.05 per share, for a total of $15,258. The acquisition was made under AVITA’s Employee Share Purchase Plan (ESPP), a purchase rather than a sale.
Key Details
- Transaction date and price: 2026-05-29 — 5,000 shares at $3.05 each (total $15,258).
- Filing: SEC Form 4 filed June 1, 2026 (Accession 0001193125-26-251586; Period of Report 2026-05-29).
- Shares owned after transaction: not stated in the provided excerpt; the filing notes that reported ownership figures include unvested RSUs (see footnote F2).
- Notable footnote(s):
- F1: Shares were purchased under the ESPP for the offering period 12/01/2025–05/31/2026 and were acquired at a price equal to 85% of the closing price on 12/01/2025. The transactions were exempt under Rule 16b-3(d) and 16b-3(c).
- F2: Reported ownership includes unvested restricted stock units (RSUs).
- Timeliness: Form 4 filed on June 1, 2026 as indicated in the filing (no late-filing flag provided in the excerpt).
Context
- ESPP purchases are routine employee benefit transactions: eligible employees contribute payroll amounts and buy shares at a discounted price (here, 85% of the Dec 1, 2025 closing price). Such purchases show participation in the company plan but do not by themselves prove insider sentiment about the stock.
- Transaction value is modest (~$15.3k) relative to typical executive trades; this was an ESPP acquisition, not an option exercise or sale.