Senanayake Chris sold SHPH
December 29, 2022 · Form 4 insider transaction
Senanayake Chris sold 1,626 shares of Shuttle Pharmaceuticals Holdings, Inc. at $1.60 per share, a transaction worth $2.6K. The trade was recorded as open-market sale and disclosed on an SEC Form 4, filed 441 days after the transaction.
Footnotes
Represents the number of shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of 4,417 restricted stock units ("RSUs") held by the Reporting Person. Upon vesting of the RSUs, the sales are automatic, routine, non-discretionary transactions mandated by the Issuer under its equity incentive plan in order to satisfy the Reporting Person's tax withholding obligations which are funded by "sell to cover" transactions. These transactions are exempt under Section 16b-3 and do not represent discretionary trades by the Reporting Person.; Consists of 2,791 shares of SHPH common stock.