Forbes Alexandria 4

What Happened

• Forbes Alexandria, President & CEO of MeiraGTx Holdings plc (MGTX), had one-half of a restricted share unit award vest on Jan 17, 2026. The 310,000 vested RSUs converted into 310,000 ordinary shares (derivative conversion). To satisfy tax withholding, 163,916 shares were withheld/sold at $7.42 per share, generating $1,216,257. The net shares added to her position were 146,084 (310,000 acquired − 163,916 withheld).
• This was a routine vesting/tax-withholding transaction (not an open-market purchase or a voluntary sale of additional shares).

Key Details

• Transaction date: 2026-01-17; Form 4 filed: 2026-01-21 (filed 4 days after the transaction; later than the usual two-business-day window).
• Actions and codes: M = exercise/conversion of derivative (310,000 shares acquired); F = payment of exercise price or tax liability (163,916 shares disposed/withheld at $7.42).
• Cash value of shares withheld: $1,216,257.
• Net shares retained from the vesting: 146,084.
• Footnotes: F1 — vesting of one-half of RSUs granted Jan 17, 2024; F2 — each RSU converts into one ordinary share upon vesting; F3 — shares were withheld to pay taxes.
• Total post-transaction beneficial ownership not shown in the provided filing details.

Context

• This was a standard RSU vesting with share withholding to cover taxes (common executive compensation mechanics), not an opportunistic market sale or purchase. The conversion and withholding lines on the Form 4 can appear as both an “acquisition” (conversion of the RSU) and a “disposition” (shares withheld for taxes); that is what occurred here.
• Such tax-withholding dispositions are routine and don’t necessarily signal the insider’s view of the company’s prospects.