Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | SRRK | Common Stock | Tax liability | -$15.9K | -1.4K | -1.75% | $11.34 | 78.6K | Aug 16, 2022 | Direct | F1, F2 |
Id | Content |
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F1 | Represents the number of shares required to be sold by the reporting person to cover the tax withholding obligation in connection with the vesting of restricted stock units ("RSU") on August 15, 2022. This sale is mandated by the Issuer's election under its equity incentive plans to require the reporting person to fund this tax withholding obligation by completing a "sell to cover" transaction with a brokerage firm designated by the Issuer. This sale does not represent a discretionary trade by the reporting person. The shares vested pursuant to an award that was granted on October 26, 2021. Each RSU represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock. The shares subject to this RSU award will vest annually over four years, with the first annual installment to vest on August 15, 2022 and each additional installment to vest annually thereafter, subject to a continued service relationship with the Issuer on such vesting date. |
F2 | Consists of 2,799 shares of common stock and 75,850 RSUs. |