Scannell Timothy J 4
4 · NovoCure Ltd · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
NovoCure (NVCR) Director Timothy Scannell Sells 2,945 Shares
What Happened
- Timothy J. Scannell, a director of NovoCure Ltd (NVCR), disposed of 2,945 shares on 2026-06-02. The weighted average sale price was $15.77 per share, resulting in proceeds of approximately $46,445. The filing reports the sale as a sell-to-cover mandated to satisfy tax withholding on vested Restricted Stock Units (RSUs), not a discretionary open‑market trade.
Key Details
- Transaction date: 2026-06-02; Form 4 filed 2026-06-03 (timely).
- Transaction type/code: Sale (S) — sell-to-cover for tax withholding.
- Shares sold: 2,945; weighted average price: $15.77; total proceeds ≈ $46,445.
- Price range: trades executed between $15.65 and $15.88 (multiple trades; weighted avg reported).
- Shares owned after transaction: not specified in the provided filing.
- Footnotes: F1 — sale mandated to cover RSU tax withholding per award agreement; F2 — multiple trades produced the reported weighted-average price.
Context
- Sell-to-cover transactions are routine when RSUs vest and are required to cover taxes; they generally do not signal a director's change in view on the company. This was not reported as a discretionary sale under a 10b5-1 plan.
Insider Transaction Report
Form 4
NovoCure LtdNVCR
Scannell Timothy J
Director
Transactions
- Sale
Ordinary Shares
[F1][F2]2026-06-02$15.77/sh−2,945$46,445→ 14,288 total
Footnotes (2)
- [F1]Represents the number of shares required to be sold by the reporting person to cover tax withholding obligations in connection with the vesting of Restricted Stock Units. This sale is mandated by the issuer's award agreement under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the reporting person.
- [F2]This transaction was executed in multiple trades at prices ranging from $15.65 USD to $15.88 USD; the price reported above reflects the weighted average sale price.
Signature
Steven Robbins, as attorney in fact for Scannell, Timothy J.|2026-06-03