|4Feb 4, 4:50 PM ET

Bedrick Todd 4

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Absci (ABSI) SVP Todd Bedrick Withholds 3,659 Shares for Taxes

What Happened

  • Todd Bedrick, Senior Vice President and Chief Accounting Officer of Absci Corp (ABSI), had 3,659 shares withheld by the company to satisfy tax withholding tied to the vesting of restricted stock units (RSUs). The shares were valued at $2.99 each, totaling approximately $10,940.
  • This was a tax-withholding disposition (transaction code F), not an open-market sale or discretionary trade by the insider.

Key Details

  • Transaction date: February 2, 2026; Form 4 filed February 4, 2026.
  • Price reported: $2.99 per share; total value ~ $10,940.
  • Shares disposed: 3,659 (withheld to cover taxes on RSU vesting).
  • Shares owned after transaction: not specified in the provided filing details.
  • Footnote: Issuer withheld the shares solely to cover the tax withholding obligation and the withholding does not represent a discretionary trade by the reporting person.
  • No late-filing flag indicated on the filing.

Context

  • This was a routine tax-withholding event (cashless share surrender) associated with RSU vesting. Such withholdings are common and generally reflect tax obligations rather than a decision to sell shares for investment reasons.