Naylor Stuart 4

What Happened

• Stuart Naylor, Chief Development Officer of MeiraGTx (MGTX), had 75,000 restricted share units (RSUs) vest on Jan 17, 2026. The RSUs converted into 75,000 ordinary shares. To cover tax withholding, 35,250 of those shares were surrendered at an implied withholding price of $7.42 for a tax payment of $261,555, leaving a net 39,750 shares delivered to Naylor.

Key Details

• Transaction date: January 17, 2026; Form 4 filed January 21, 2026 (appears to be filed after the typical 2-business-day window).
• Actions reported: Conversion of 75,000 RSUs into shares (code M); 35,250 shares withheld for taxes (code F).
• Withholding price and amount: $7.42 per share; total withholding value $261,555.
• Net shares received by insider: 39,750 (75,000 vested − 35,250 withheld).
• Shares owned after the transaction: Not specified in the filing.
• Footnotes: F1 = vesting of one-half of RSUs granted Jan 17, 2024; F2 = each RSU converts into one ordinary share on vesting; F3 = shares withheld to pay taxes.

Context

• This was a routine RSU vesting and tax-withholding event, not an open-market sale or purchase. Withholding shares to cover taxes is common and does not necessarily indicate a bullish or bearish signal. The filing date suggests the Form 4 may have been submitted one business day late relative to the Jan 17 transaction date.