Sauer Noel 4

What Happened Noel Sauer, Senior Vice President of Research at Cibus, disposed of 1,763 shares on March 30, 2026. The reported disposition was to satisfy a tax withholding or exercise-related obligation (transaction code F). The weighted-average price reported was $1.84 per share, for a total cash value of approximately $3,244. This was a sale to cover tax/exercise obligations rather than an open-market directional trade.

Key Details

• Transaction date: 2026-03-30. Filing date: 2026-04-01 (filed timely).
• Reported price: weighted average $1.84; individual sale prices ranged $1.815–$1.90 (see footnote F1).
• Shares disposed: 1,763; total value ≈ $3,244.
• Transaction code: F — payment of exercise price or tax liability (sale to satisfy tax withholding).
• Shares owned after transaction: Not disclosed in the excerpt provided.
• Footnote: F1 notes multiple sales at prices between $1.815 and $1.90 inclusive.

Context This appears to be a routine tax-withholding (cashless) disposition following an exercise or award settlement, which is common and not necessarily an indicator of the insider’s view on the company’s prospects. The amount involved is modest.