Corcoran Daniel 4
4 · Certara, Inc. · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
Certara SVP Daniel Corcoran Receives RSUs; 5,751 Shares Withheld
What Happened
Daniel Corcoran, Senior Vice President and General Counsel of Certara, had 10,849 restricted stock units (RSUs) vest and convert into common shares on April 1, 2026 (reported Apr 3, 2026). The RSUs converted at $0 exercise price (code M = conversion of derivative). To satisfy tax withholding, 5,751 shares were withheld (reported as a disposition, code F) at $5.70 per share for about $32,781. Net shares delivered to Corcoran were 10,849 − 5,751 = 5,098 shares. The total market value of all vested shares was roughly $61,839 (10,849 × $5.70).
Key Details
- Transaction date: April 1, 2026; Form 4 filed April 3, 2026 (timely).
- Conversion: 10,849 RSUs converted to common stock (code M), acquisition price $0.00.
- Tax withholding: 5,751 shares withheld and disposed (code F) at $5.70/share for $32,781 (per filing).
- Net shares received: 5,098 shares (10,849 − 5,751).
- Shares owned after transaction: Not disclosed in the filing.
- Footnotes: RSUs were granted May 20, 2025; one‑third vested/settled Apr 1, 2026, with remaining two‑thirds vesting in equal parts on Apr 1, 2027 and Apr 1, 2028 (Footnote F1). Withholding is routine and exempt under Rule 16b‑3 (Footnote F2).
Context
This was not an open‑market buy or sell for cash; it was the scheduled vesting/settlement of RSUs. The withholding of shares to cover tax obligations is a common cashless settlement method and is recorded as a share disposition for tax purposes but does not indicate a separate market sale.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-04-01+10,849→ 27,070 total - Tax Payment
Common Stock
[F2][F1]2026-04-01$5.70/sh−5,751$32,781→ 21,319 total - Exercise/Conversion
Restricted Stock Units
[F1]2026-04-01−10,849→ 21,698 totalExp: 2028-04-01→ Common Stock (10,849 underlying)
Footnotes (2)
- [F1]Each restricted stock unit ("RSU") was granted on May 20, 2025, under the Certara, Inc. ("Certara") 2020 Incentive Plan and represents a right to receive one share of common stock or the cash equivalent. One-third of the RSUs vested and were settled on April 1, 2026. The remaining two-thirds of the RSUs will vest and settle in equal parts on April 1, 2027 and April 1, 2028.
- [F2]Represents shares of Certara withheld to satisfy tax withholding obligations in connection with the vesting of RSUs, exempt under Rule 16b-3.