Sandor Victor 4
4 · ADC Therapeutics SA · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
ADC Therapeutics (ADCT) Director Sandor Victor Receives RSU Award
What Happened
Sandor Victor, a director of ADC Therapeutics (ADCT), was granted 45,000 restricted stock units (RSUs) on 2026-06-01 (grant price $0.00). On 2026-06-03, 12,600 shares were withheld/disposed to satisfy tax withholding obligations at $3.08 per share, totaling $38,808. The grant is a compensation award (not a market purchase), and the share withholding is a tax-related disposition rather than an open-market sale.
Key Details
- Transaction dates and types: 2026-06-01 — RSU grant (Code A) of 45,000 RSUs; 2026-06-03 — shares withheld for tax/payment (Code F) of 12,600 shares @ $3.08 (disposed) = $38,808.
- Grant price: RSUs reported at $0.00 (award).
- Shares owned after transaction: Not specified in the provided Form 4.
- Footnotes:
- F1: Annual RSU grant under the 2019 Equity Incentive Plan; each RSU converts to one share upon vesting. RSUs vest on the earlier of one year from grant or the 2027 Annual Meeting, subject to continued service.
- F2: 12,600 shares were withheld by the issuer to satisfy the Reporting Person’s tax withholding obligations in connection with prior RSU vesting.
- Filing timeliness: Report filed 2026-06-03 for transactions with a 2026-06-01 effective date — appears timely under standard Form 4 rules.
Context
RSUs are compensation awards that convert to company shares upon vesting; withholding shares to cover taxes is a routine, administrative step (often a cashless or share-for-tax withholding) and does not necessarily reflect a director selling shares on the open market. This filing records compensation-related activity rather than a market buy or opportunistic sale.
Insider Transaction Report
- Award
Common Shares
[F1]2026-06-01+45,000→ 153,286 total - Tax Payment
Common Shares
[F2]2026-06-03$3.08/sh−12,600$38,808→ 140,686 total
Footnotes (2)
- [F1]Represents the annual grant of restricted stock units ("RSUs") made under the Issuer's 2019 Equity Incentive Plan for service as a Director. The RSUs vest on the earlier of (i) one year from the grant date or (ii) the date of the 2027 Annual Meeting of Shareholders, subject to the Reporting Person's continued service to the Issuer. Each RSU represents a contingent right to receive one share of the Issuer's common stock.
- [F2]Represents the number of Common Shares withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the vesting of restricted share units previously granted.