Saik Andrew 4
Research Summary
AI-generated summary
Arvinas (ARVN) CFO Andrew Saik Sells Shares
What Happened
Andrew Saik, Chief Financial Officer of Arvinas, sold 5,696 shares of ARVN on June 24, 2026 at $8.16 per share, for reported proceeds of $46,474. The sale was not a discretionary trade but an automatic transaction to cover tax withholding tied to RSU vesting.
Key Details
- Transaction date and price: 2026-06-24 — 5,696 shares sold at $8.16 per share (total reported $46,474).
- Shares owned after transaction: Not specified in the filing.
- Footnote: The sale was executed automatically by the issuer to cover tax withholding for 25% of the reporting person's RSUs granted on June 24, 2024, under a durable sale instruction; it does not represent a discretionary trade.
- Filing timeliness: Reported on 2026-06-24 (same day as the transaction), indicating a timely Form 4 filing.
Context
This was a tax-withholding sale associated with vested RSUs (code F situation), which is a routine administrative transaction and not necessarily a signal about the insider’s view of the company. For retail investors, outright purchases are typically more informative about insider confidence than routine withholding sales.