4//SEC Filing
ALTSCHULLER Susan 4
Accession 0000950170-23-072368
CIK 0001805387other
Filed
Dec 20, 7:00 PM ET
Accepted
Dec 21, 8:12 PM ET
Size
9.8 KB
Accession
0000950170-23-072368
Insider Transaction Report
Form 4
ALTSCHULLER Susan
Chief Financial Officer
Transactions
- Sale
Common Stock
2023-12-20$41.42/sh−13,808$571,972→ 16,913 total - Exercise/Conversion
Common Stock
2023-12-19+30,721→ 30,721 total - Exercise/Conversion
Restricted Stock Units
2023-12-19−30,721→ 0 total→ Common Stock (30,721 underlying)
Footnotes (4)
- [F1]In order to mitigate the impact of Sections 280G and 4999 of the Internal Revenue Code of 1986, as amended, in connection with the transactions contemplated by the Agreement and Plan of Merger, dated as of December 6, 2023, by and among Cerevel Therapeutics Holdings, Inc. (the "Issuer"), AbbVie Inc., Symphony Harlan LLC and Symphony Harlan Merger Sub Inc., the restricted stock units ("RSUs") held by the Reporting Person vested in full on December 19, 2023, subject to certain repayment conditions in the event that the Reporting Person's employment terminates for any reason prior to the date the RSUs otherwise would vest.
- [F2]Each RSU represented the contingent right to receive one share of the Issuer's common stock.
- [F3]The Issuer has adopted a "sell-to-cover" policy to satisfy the tax withholding obligations of the Reporting Person. The sales reported on this Form 4 represent the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs.
- [F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at per share prices ranging from $41.36 to $41.50. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Documents
Issuer
Cerevel Therapeutics Holdings, Inc.
CIK 0001805387
Entity typeother
Related Parties
1- filerCIK 0001817988
Filing Metadata
- Form type
- 4
- Filed
- Dec 20, 7:00 PM ET
- Accepted
- Dec 21, 8:12 PM ET
- Size
- 9.8 KB