Cue Biopharma: chief legal compliance officer Ray Sumita sold 1,844 shares

What happened

• Ray Sumita, chief legal compliance officer and corporate secretary, sold 1,844 shares of common stock at $28.05 per share on Oct 12, 2026, for $51,724, according to the Form 4 filed Oct 14, 2026.

Key details

• Transaction date and price: Oct 12, 2026 — sale of 1,844 shares at $28.05 per share; total $51,724. Reported as an open market or private sale (code S).
• Shares owned after the transaction: not stated in the filing.
• Footnote F1: the filing says the sales were made automatically under the issuer's company-wide policy as a "sell-to-cover" to satisfy mandatory tax withholding in connection with the vesting and settlement of restricted stock units; the reporting person did not exercise control over the timing, price or number of shares sold.
• Form 4 filing date: Oct 14, 2026, for a transaction on Oct 12, 2026.

Why it may matter

• The filing describes a sell-to-cover for tax withholding related to RSU vesting, not a discretionary sale by the reporting person.
• A filing does not show why the insider traded or why the company acted.