FOEHR MATTHEW W 4
4 · OmniAb, Inc. · Filed Apr 7, 2026
Research Summary
AI-generated summary of this filing
OmniAb (OABI) President & CEO Matthew W. Foehr Sells Shares
What Happened
Matthew W. Foehr, President, CEO and a director of OmniAb (OABI), had 36,459 Restricted Stock Units (RSUs) vest on April 7, 2026, converting into 36,459 shares (acquired at $0.00). On the same day he sold 19,244 of those shares in an open-market sell-to-cover transaction for a weighted average price of $1.49, producing gross proceeds of about $28,674. The RSU conversion and subsequent sale were routine vesting/tax-related actions rather than an independent, discretionary stock sale.
Key Details
- Transaction date: April 7, 2026.
- Vesting/conversion: 36,459 RSUs → 36,459 shares (acquired at $0.00; reported as derivative exercise/conversion, code M).
- Sale: 19,244 shares disposed in open market at a weighted average price of $1.49; price range $1.46–$1.53; proceeds ≈ $28,674.
- Net shares retained from this vesting: 36,459 − 19,244 = approximately 17,215 shares (remaining after the sell-to-cover).
- Footnotes: RSUs vest in annual installments; each RSU equals one share (F1–F2). The sale was a mandated sell-to-cover to satisfy tax withholding (F3). The reported sale price is a weighted average and was executed in multiple trades (F4).
- Filing timeliness: No late filing flag indicated in the provided data.
Context
This reporting reflects RSU vesting and mandatory sell-to-cover tax withholding, a common practice for equity awards. The conversion of RSUs (a derivative right) into shares and the partial sale to cover taxes does not necessarily indicate a personal decision to liquidate stock for investment reasons; it is largely administrative. Purchases would be more indicative of a bullish signal; this filing documents compensation vesting and related tax-sales.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1][F2]2026-04-07+36,459→ 4,439,736 total - Sale
Common Stock
[F3][F4]2026-04-07$1.49/sh−19,244$28,674→ 4,420,492 total - Exercise/Conversion
Restricted Stock Units
[F2][F1]2026-04-07−36,459→ 309,376 total→ Common Stock (36,459 underlying)
Footnotes (4)
- [F1]Represents the vesting of an RSU grant which occurs in three substantially equal annual installments beginning on April 7, 2024.
- [F2]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock.
- [F3]Represents the number of shares required to be sold by the reporting person to cover tax withholding obligations in connection with the vesting of RSUs. These sales are mandated by the Issuer's election under its equity incentive plans to require the satisfaction of a tax withholding obligation to be funded by a "sell-to-cover" transaction and do not represent discretionary trades by the reporting person.
- [F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.46 to $1.53. The reporting person undertakes to provide 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 price within the range set forth in this footnote.