Keenan David Paul 4

What Happened

Keenan David Paul, Chief Operating Officer of Amarin Corporation plc (AMRN), had 3,688 restricted stock units (RSUs) convert/vest on July 1, 2026 (reported as an exercise/conversion of a derivative). Of those 3,688 shares, 1,926 shares were withheld by the company to satisfy the tax withholding obligation at $15.94 per share, for a withheld value of $30,700. The vesting/award is reported as a derivative transaction (RSU conversion/award), not an open-market sale.

Key Details

• Transaction date: July 1, 2026 (Form filed July 15, 2026).
• Shares acquired (vested/converted): 3,688 shares (reported as derivative acquisition).
• Shares withheld for taxes: 1,926 shares disposed/withheld at $15.94/share = $30,700 (code F indicates tax withholding, not a market sale).
• Related grant: Original grant was 7,376 RSUs (granted Jan 10, 2025) that vested 50% on Jan 2, 2026 and the remaining 50% on July 1, 2026 (footnote).
• ADS/ratio note: Effective Apr 11, 2025, an ADS ratio change (1 ADS = 20 ordinary shares) was applied; the reported amounts reflect that adjustment.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Filing timeliness: Form 4 was filed on July 15 for a July 1 transaction; Form 4s are typically due within 2 business days, so this filing appears late, reducing timely public transparency.

Context

This was vesting/conversion of RSUs with shares withheld to meet tax obligations (a routine administrative action), not an open-market sale or purchase. Because the company withheld shares to cover taxes (code F), the withheld shares should not be interpreted as a deliberate insider sale signaling sentiment.