Cogstate CEO sells shares to fund option exercises and tax

Cogstate Limited (ASX:CGS) announced today that its chief executive, Brad O'Connor, sold 338,429 Cogstate shares. The sale funded the exercise of 399,500 employee share options and covered debt and tax liabilities from options exercised over the past 15 months.

Following these transactions, O'Connor's total holdings in Cogstate Ltd will be 6,400,000 ordinary shares, comprising 5,400,000 in his own name and 1,000,000 in his superannuation fund. Prior to these transactions, as of July 1, 2024, he held 4,438,102 ordinary shares.

O'Connor has no plans for further share sales until after the release of the FY26 annual report. At that time, funds will be needed to exercise an additional 500,000 options at an exercise price of $2.379, which expire on October 27, 2026, and to address associated tax liabilities.