Jain Nikunj 4
4 · SANGAMO THERAPEUTICS, INC · Filed Feb 26, 2026
Research Summary
AI-generated summary of this filing
Sangamo (SGMO) Principal Accounting Officer Jain Surrenders Shares for Tax Withholding
What Happened
Jain Nikunj, Principal Accounting Officer at Sangamo Therapeutics (SGMO), surrendered a total of 5,785 shares of company stock to satisfy mandatory tax withholding tied to RSU vestings. On Feb 24, 2026 he surrendered 666 shares at the closing price of $0.4725 (proceeds reported as $315) and on Feb 25, 2026 he surrendered 5,119 shares at $0.47 ($2,406). These transactions are tax-withholding dispositions (transaction code F) to the issuer and are not open-market sales.
Key Details
- Transaction dates and prices: Feb 24, 2026 — 666 shares @ $0.4725 (reported $315); Feb 25, 2026 — 5,119 shares @ $0.47 (reported $2,406).
- Total surrendered: 5,785 shares for a combined $2,721.
- Shares owned after transaction: Not disclosed in the provided filing excerpt.
- Footnotes: The shares surrendered were the portion of RSU grants that vested on Feb 24 and Feb 25, 2026 and were withheld solely to satisfy mandatory tax withholding under the company’s 2018 Equity Incentive Plan (see F1–F4). These are deemed dispositions for reporting but do not represent discretionary open-market trades.
- Filing timeliness: Report filed Feb 26, 2026 for transactions on Feb 24–25, 2026 (timely).
Context
Tax-withholding share surrenders are routine administrative transactions when RSUs vest and do not necessarily signal insider buying or selling intent. The amounts here are small (~$2.7k total) and reflect withholding rather than a discretionary liquidation. Transaction code F denotes withholding of shares to cover tax obligations.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2]2026-02-24$0.47/sh−666$315→ 242,330 total - Tax Payment
Common Stock
[F3][F4]2026-02-25$0.47/sh−5,119$2,406→ 237,211 total
Footnotes (4)
- [F1]Represents shares underlying the portion of a restricted stock unit ("RSU") grant that vested on February 24, 2026, which were surrendered by the Reporting Person solely for mandatory tax withholding purposes using the Issuer's closing stock price on February 24, 2026 of $0.4725/share, pursuant to the terms of the Issuer's Amended and Restated 2018 Equity Incentive Plan, as amended (the "2018 EIP"). This required tax withholding transaction is deemed to constitute a disposition of these shares to the Issuer for reporting purposes and does not represent a discretionary trade by the Reporting Person in the open market or otherwise.
- [F2]Includes: (a) 952 shares from the February 24, 2026 vesting installment of the Reporting Person's February 24, 2023 RSU grant and (b) 49,726 shares subject to Reporting Person's February 25, 2025 RSU grant that will vest as to one-quarter (1/4) of the shares on February 25, 2026, and the remainder of the shares will vest in 8 successive equal quarterly installments thereafter. The vesting of all such RSU grants is subject to the Reporting Person's Continuous Service (as defined in the 2018 EIP) through each such date and subject to acceleration as provided in the 2018 EIP.
- [F3]Represents shares underlying the portion of an RSU grant that vested on February 25, 2026, which were surrendered by the Reporting Person solely for mandatory tax withholding purposes using the Issuer's closing stock price on February 25, 2026 of $0.47/share, pursuant to the terms of the 2018 EIP. This required tax withholding transaction is deemed to constitute a disposition of these shares to the Issuer for reporting purposes and does not represent a discretionary trade by the Reporting Person in the open market or otherwise.
- [F4]Includes: 7,313 shares from the February 25, 2026 vesting installment of the Reporting Person's February 25, 2025 RSU grant and the remaining 37,294 shares will vest in 8 successive equal quarterly installments thereafter. The vesting of all such RSU grants is subject to the Reporting Person's Continuous Service (as defined in the 2018 EIP) through each such date and subject to acceleration as provided in the 2018 EIP.