Bjorkquist Jeanette M 4
Research Summary
AI-generated summary
Assembly Biosciences (ASMB) PFO/PAO Jeanette Bjorkquist Sells 29 Shares
What Happened Jeanette Bjorkquist, PFO and PAO of Assembly Biosciences (ASMB), reported a sale of 29 shares on 2026-06-17 at $23.25 per share, totaling approximately $674. This was a sale (not a purchase) executed to satisfy tax withholding related to the vesting and settlement of restricted stock units and was not a discretionary trade.
Key Details
- Transaction date and price: 2026-06-17 — 29 shares sold at $23.25 each.
- Total proceeds: ~ $674.
- Shares owned after transaction: Not specified in the provided filing data.
- Footnote: The sale was a mandatory "sell-to-cover" to satisfy tax withholding on vested RSUs per an administrative rule of the Compensation Committee (not a discretionary sale).
- Filing timing: Form filed 2026-06-18 covering the 2026-06-17 transaction — appears timely.
Context Sell-to-cover transactions are common when restricted stock units vest and are generally administrative in nature to meet tax obligations; they do not necessarily reflect the insider's view of the company. For retail investors, routine tax-withholding sales like this are less informative than open-market purchases or large discretionary sales.