Ofman Joshua J. 4
4 · GRAIL, Inc. · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
GRAIL (GRAL) President Joshua J. Ofman Sells 3,627 Shares
What Happened
Joshua J. Ofman, President of GRAIL, sold a total of 3,627 shares in open-market transactions to cover withholding taxes tied to award vesting. The breakdown: 690 shares at $53.01 on 2026-03-05 ($36,577); 2,836 shares at $47.93 on 2026-03-09 ($135,929); and 101 shares at $46.74 on 2026-03-09 ($4,721). Total proceeds across the three disposals were about $177,227. These were sales (not purchases)—often routine sell-to-cover transactions rather than market-timing bets.
Key Details
- Transaction dates and prices:
- 2026-03-05: 690 shares @ $53.01 = $36,577
- 2026-03-09: 2,836 shares @ $47.93 = $135,929
- 2026-03-09: 101 shares @ $46.74 = $4,721
- Total shares sold: 3,627; total proceeds ≈ $177,227.
- Shares owned after the transactions: not specified in the provided filing details.
- Footnote: F1 indicates these were automatic "sell-to-cover" trades executed by a broker to cover withholding taxes upon award vesting; reported prices are weighted averages from a block trade. The filing states the Reporting Person will provide breakdown of individual sale prices on request.
- Filing timeliness: Filed 2026-03-09 for transactions on 2026-03-05 and 2026-03-09—appears timely under Form 4 reporting rules.
Context
Sell-to-cover transactions are common when restricted stock or similar awards vest and the company/broker sells a portion of shares to satisfy tax withholding obligations. Such sales are routine and do not necessarily signal management sentiment about the company's prospects.
Insider Transaction Report
- Sale
Common Stock
[F1]2026-03-05$53.01/sh−690$36,577→ 435,818 total - Sale
Common Stock
[F1]2026-03-09$47.93/sh−2,836$135,929→ 432,982 total - Sale
Common Stock
[F1]2026-03-09$46.74/sh−101$4,721→ 432,881 total
Footnotes (1)
- [F1]Represents automatic 'sell-to-cover' transactions by an executing broker to cover withholding taxes upon award vesting and share delivery. The price reported in Column 4 is a weighted average price calculated by the broker executing these transactions. These shares were sold as part of a block trade in multiple transactions, and the Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate sales price.