Farmer Michele 4
4 · PACIFIC BIOSCIENCES OF CALIFORNIA, INC. · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
PACB Chief Accounting Officer Michele Farmer Sells Shares
What Happened
Michele Farmer, Chief Accounting Officer of Pacific Biosciences of California, Inc. (PACB), disposed of a total of 50,167 shares in open‑market transactions related to tax withholding on vested restricted stock units. On 2026-02-17 she sold 35,215 shares at $1.58 each for $55,499; on 2026-02-18 she sold 14,952 shares at $1.63 each for $24,357. Total proceeds were approximately $79,856. These were sales (not purchases), commonly routine for covering tax obligations.
Key Details
- Transaction dates and prices:
- 2026-02-17: 35,215 shares sold @ $1.58 — $55,499 (F2 notes weighted‑average range $1.51–$1.68)
- 2026-02-18: 14,952 shares sold @ $1.63 — $24,357 (F3 notes weighted‑average range $1.55–$1.70)
- Total shares sold: 50,167; total proceeds ≈ $79,856.
- Shares owned after the transaction: not disclosed in the provided excerpt of the filing.
- Notable footnotes:
- F1: Shares were mandatorily sold to cover tax withholding obligations from RSU vesting (tax‑withholding sale).
- F2/F3: Reported sale prices are weighted averages across price ranges; detailed per‑price breakdowns are available to the SEC on request.
- Filing: Report filed 2026-02-19 for transactions on 2026-02-17–02-18; appears to be timely under Form 4 reporting requirements.
Context
Tax‑withholding sales tied to RSU vesting are routine and do not necessarily indicate the officer’s broader opinion of the company. These were disposals to satisfy withholding obligations rather than discretionary open‑market selling for investment decisions.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-02-17$1.58/sh−35,215$55,499→ 234,044 total - Sale
Common Stock
[F1][F3]2026-02-18$1.63/sh−14,952$24,357→ 219,092 total
Footnotes (3)
- [F1]Represents the number of shares mandatorily sold to cover tax withholding obligations in connection with the vesting of restricted stock units.
- [F2]This sale price represents the weighted average sale price of the shares sold ranging from $1.51 to $1.68 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
- [F3]This sale price represents the weighted average sale price of the shares sold ranging from $1.55 to $1.70 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.