Ofman Joshua J. 4

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.