McClain Sean 4
4 · Absci Corp · Filed Feb 4, 2026
Research Summary
AI-generated summary of this filing
Absci (ABSI) CEO Sean McClain Sells 26,761 Shares
What Happened
Sean McClain, Chief Executive Officer of Absci Corp (ABSI), had 26,761 shares disposed on Feb 2, 2026 at $2.99 per share for a total of $80,015. The Form 4 reports the transaction as a sale/disposition, but the filing’s footnote clarifies this disposal resulted from shares withheld to satisfy tax withholding on vested restricted stock units (RSUs), not a discretionary open‑market sale.
Key Details
- Transaction date and price: Feb 2, 2026 — 26,761 shares @ $2.99 each.
- Total value: $80,015 (proceeds associated with the withheld shares).
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Footnote: The shares were withheld by the issuer to cover tax withholding on vesting of RSUs and do not represent a discretionary trade by the reporting person (F1).
- Filing: Form 4 filed Feb 4, 2026; no late‑filing indication in the provided data.
Context
Tax‑withholding dispositions on vested RSUs are routine administrative actions and generally do not signal the insider’s view of the company’s prospects. For retail investors, purchases or discretionary sales can be more informative than withholding transactions.
Insider Transaction Report
- Sale
Common Stock
[F1]2026-02-02$2.99/sh−26,761$80,015→ 8,334,567 total
Footnotes (1)
- [F1]Amount reported represents the number of shares withheld by the Issuer to cover the tax withholding obligation in connection with the vesting of these restricted stock units and does not represent a discretionary trade by the reporting person.