Berkman Charles S 4
4 · OmniAb, Inc. · Filed Feb 17, 2026
Research Summary
AI-generated summary of this filing
OmniAb (OABI) CLO Charles Berkman Sells 6,990 Shares (Sell-to-Cover)
What Happened
Charles S. Berkman, Chief Legal Officer of OmniAb, had 13,542 restricted stock units (RSUs) vest and convert into 13,542 shares on Feb 16, 2026 (exercise/conversion, $0.00 exercise price). To satisfy tax withholding, 6,990 of those shares were sold in an open-market transaction on Feb 17, 2026 at a weighted average price of $1.70 per share for total proceeds of $11,883. The remaining shares from this vesting installment (13,542 − 6,990 = 6,552) were retained, absent other holdings.
Key Details
- Transaction dates: conversion/vesting on 2026-02-16; sale on 2026-02-17.
- Sale: 6,990 shares sold at a weighted avg price of $1.70; proceeds $11,883. Reported sale price range: $1.68–$1.79.
- Acquisition: 13,542 shares issued on conversion of RSUs at $0.00 exercise price.
- Footnotes: RSUs vest in three substantially equal annual installments beginning Feb 16, 2025 (F1); each RSU converts to one share (F2). The sale was a required "sell-to-cover" to satisfy tax-withholding obligations (F3), not a discretionary trade. The filer offers to provide the per-price breakdown on request (F4).
- Shares owned after transaction: At least 6,552 shares remained from this vesting (13,542 − 6,990). Total beneficial ownership reported on the Form 4 excerpt provided here is not shown.
- Timeliness: Filing dated 2026-02-17 covering the 2026-02-16 vesting/sale—no late filing flag indicated.
Context
This filing reflects RSU vesting and a mandatory sell-to-cover tax withholding rather than a voluntary market sell meant to express a view on the company. RSU conversions often show $0 exercise price because they are awards converting into shares; selling some shares immediately to cover taxes is routine.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1][F2]2026-02-16+13,542→ 390,613 total - Sale
Common Stock
[F3][F4]2026-02-17$1.70/sh−6,990$11,883→ 383,623 total - Exercise/Conversion
Restricted Stock Units
[F2][F1]2026-02-16−13,542→ 83,334 totalExercise: $0.00→ Common Stock (13,542 underlying)
Footnotes (4)
- [F1]Represents the vesting of an RSU grant which occurs in three substantially equal annual installments beginning on February 16, 2025.
- [F2]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock.
- [F3]Represents the number of shares required to be sold by the reporting person to cover tax withholding obligations in connection with the vesting of RSUs. These sales are mandated by the Issuer's election under its equity incentive plans to require the satisfaction of a tax withholding obligation to be funded by a "sell-to-cover" transaction and do not represent discretionary trades by the reporting person.
- [F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.68 to $1.79. The reporting person undertakes to provide 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.