Smith Beth Ann 4
4 · MACROGENICS INC · Filed Feb 10, 2026
Research Summary
AI-generated summary of this filing
MacroGenics (MGNX) VP Beth Ann Smith Exercises RSUs; Withholds Shares
What Happened
Beth Ann Smith, VP, Controller & Treasurer of MacroGenics (MGNX), had restricted stock units (RSUs) vest and convert into 4,200 common shares on Feb 7–8, 2026 (2,617 on Feb 7 and 1,583 on Feb 8). To satisfy tax withholding, 1,011 shares were surrendered on Feb 7 for $1.81/share ($1,830) and 612 shares on Feb 8 for $1.81/share ($1,108), totaling 1,623 shares withheld and proceeds of $2,938. Net shares added to her position = 4,200 − 1,623 = 2,577 shares. The Form 4 filed Feb 10, 2026 records these conversions and the tax-withholding disposition.
Key Details
- Transaction dates: conversions on 2026-02-07 (2,617 RSUs) and 2026-02-08 (1,583 RSUs); tax-withholding disposals on the same dates.
- Withholding sale price: $1.81 per share; amounts withheld: 1,011 shares ($1,830) and 612 shares ($1,108); total $2,938.
- Net new shares retained: 2,577 shares.
- Footnotes: RSUs convert one-for-one to common stock (F1). The 2,617 shares came from a 2/7/2025 grant of 7,850 RSUs vesting in three equal installments (F2). The 1,583 shares came from a 2/8/2024 grant of 4,750 RSUs vesting in three equal installments (F3).
- Derivative lines showing $0 reflect the RSU-to-share conversion (exercise/conversion of derivative).
- Filing: Form 4 filed 2026-02-10; appears to report the Feb 7–8 vesting and withholding.
Context
These transactions are routine RSU vesting and tax withholding (a common "sell to cover" or share-for-tax payment), not an open-market sale intended as a liquidity or sentiment signal. No purchases were reported. The filing shows conversion of previously granted RSUs into shares and surrendering a portion to meet tax obligations.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-02-07+2,617→ 12,149 total - Tax Payment
Common Stock
2026-02-07$1.81/sh−1,011$1,830→ 11,138 total - Exercise/Conversion
Common Stock
[F1]2026-02-08+1,583→ 12,721 total - Tax Payment
Common Stock
2026-02-08$1.81/sh−612$1,108→ 12,109 total - Exercise/Conversion
Restricted Stock Unit
[F1][F2]2026-02-07−2,617→ 5,233 total→ Common Stock (2,617 underlying) - Exercise/Conversion
Restricted Stock Unit
[F1][F3]2026-02-08−1,583→ 1,584 total→ Common Stock (1,583 underlying)
Footnotes (3)
- [F1]Restricted stock units convert into the Company's stock on a one-for-one basis.
- [F2]On February 7, 2025, the reporting person was granted 7,850 restricted stock units, vesting in three equal installments beginning on the first anniversary of the grant date.
- [F3]On February 8, 2024, the reporting person was granted 4,750 restricted stock units, vesting in three equal installments beginning on the first anniversary of the grant date.