Arq CFO sells shares to cover tax withholding
Arq, Inc. Chief Financial Officer Jay Loring Voncannon reported selling 16,709 shares of common stock at a weighted average price of $2.27 per share.
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Form Type
4
Rhea-AI Filing Summary
Arq, Inc. Chief Financial Officer Jay Loring Voncannon reported selling 16,709 shares of common stock at a weighted average price of $2.27 per share. The sale was executed as a “sell to cover” transaction to satisfy tax withholding obligations arising from the vesting of restricted stock awards. Following this tax-related sale, he directly holds 48,291 shares.
Insider Trade Summary
Net Seller: 16,709 shares
Net Sell
1 txn
Insider
Voncannon Jay Loring
Role
Chief Financial Officer
Sold
16,709 shs ($38K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 16,709 | $2.27 | $38K |
Holdings After Transaction:
Common Stock — 48,291 shares (Direct)
Footnotes (2)
- F1. The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock awards. The sale was made to satisfy tax withholding obligations to be funded by a "sell to cover" transaction.
- F2. This price is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.2700 to $2.2822, inclusive. 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 purchased at each separate price within the range set forth in this Form 4.
Key Figures
Shares sold: 16,709 shares
Weighted average sale price: $2.27 per share
Price range: $2.2700–$2.2822 per share
+1 more
4 metrics
Shares sold
16,709 shares
Open-market sale on 2026-05-04 to cover tax withholding
Weighted average sale price
$2.27 per share
Common stock sale on 2026-05-04
Price range
$2.2700–$2.2822 per share
Multiple sale transactions aggregated in Form 4
Shares held after transaction
48,291 shares
Direct common stock ownership after 2026-05-04 sale
Key Terms
sell to cover, restricted stock awards, weighted average price, open-market sale
4 terms
sell to cover financial
"to be funded by a "sell to cover" transaction"
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
restricted stock awards financial
"in connection with the vesting of restricted stock awards"
Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.
weighted average price financial
"This price is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Arq (ARQ) report in this Form 4?
Arq reported that its CFO, Jay Loring Voncannon, sold 16,709 shares of common stock at a weighted average price of $2.27 per share. The transaction was disclosed as part of his routine tax-related equity compensation activity.
Was the Arq (ARQ) CFO’s stock sale an open-market transaction?
Yes, the transaction is coded as an open-market sale, but the footnote clarifies it functioned as a “sell to cover” for tax withholding. This means the sale’s primary purpose was paying taxes on vested restricted stock awards.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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