Anterix (ATEX) CEO exercises stock options and uses share withholding for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Anterix Inc. President and CEO Scott A. Lang exercised stock options and settled related obligations in shares. On June 15, 2026, he exercised options to acquire 63,788 shares at $30.99 per share and 74,530 shares at $34.96 per share. The company withheld 39,621 and 48,470 shares, respectively, to pay the exercise prices and cover income tax withholding, which the filing states did not involve any open market sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
138,318 shares exercised/converted
Mixed
6 txns
Insider
Lang Scott A.
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 63,788 | $0.00 | -- |
| Exercise | Stock Option (Right to Buy) | 74,530 | $0.00 | -- |
| Exercise | Common Stock | 63,788 | $30.99 | $1.98M |
| Exercise | Common Stock | 74,530 | $34.96 | $2.61M |
| Tax Withholding | Common Stock | 39,621 | $82.50 | $3.27M |
| Tax Withholding | Common Stock | 48,470 | $82.50 | $4.00M |
Holdings After Transaction:
Stock Option (Right to Buy) — 127,538 shares (Direct, null);
Common Stock — 90,258 shares (Direct, null)
Footnotes (1)
- The Reporting Person exercised a stock option to purchase 63,788 shares of the Issuer's Common Stock for $30.99 per share and paid the exercise price on a cashless basis, resulting in the Issuer withholding an aggregate of 39,621 shares of the Issuer's Common Stock subject to the stock option to pay the exercise price and to satisfy its income tax withholding and remittance obligations in connection with the exercise of the stock option. The withholding of shares referenced here does not involve an open market sale of stock. The Reporting Person exercised a stock option to purchase 74,530 shares of the Issuer's Common Stock for $34.96 per share and paid the exercise price on a cashless basis, resulting in the Issuer withholding an aggregate of 48,470 shares of the Issuer's Common Stock subject to the stock option to pay the exercise price and to satisfy its income tax withholding and remittance obligations in connection with the exercise of the stock option. The withholding of shares referenced here does not involve an open market sale of stock. 3. The shares subject to the option shall vest and become exercisable in three annual installments with vesting commencing on January 17, 2025, subject to the Reporting Person's continuous services to the Issuer through each such vesting date. The option shares subject to this option shall vest and become exercisable in three equal annual installments, with 1/3 of the option shares vesting and becoming exercisable on May 21, 2026, and with the remaining option shares vesting and becoming exercisable in two equal annual installments thereafter.
Key Figures
Option exercise 1: 63,788 shares at $30.99/share
Option exercise 2: 74,530 shares at $34.96/share
Shares withheld 1: 39,621 shares
+3 more
6 metrics
Option exercise 1
63,788 shares at $30.99/share
Stock option exercise into common stock on June 15, 2026
Option exercise 2
74,530 shares at $34.96/share
Stock option exercise into common stock on June 15, 2026
Shares withheld 1
39,621 shares
Withheld to pay $30.99 option exercise price and taxes
Shares withheld 2
48,470 shares
Withheld to pay $34.96 option exercise price and taxes
Total option shares exercised
138,318 shares
ExerciseShares in transactionSummary
Total shares withheld
88,091 shares
TaxWithholdingShares in transactionSummary
Key Terms
cashless basis, stock option, income tax withholding, does not involve an open market sale, +1 more
5 terms
cashless basis financial
"paid the exercise price on a cashless basis, resulting in the Issuer withholding"
An agreement executed on a cashless basis lets a holder convert or exercise a security (like options, warrants, or conversion rights) without paying money upfront; instead the holder receives a smaller number of shares equal in value to what the cash would have purchased. Think of trading a coupon for fewer slices of a cake rather than handing over cash for the full slice. For investors, it affects how much ownership and dilution occur and avoids immediate cash outlays.
stock option financial
"The Reporting Person exercised a stock option to purchase 63,788 shares"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
income tax withholding financial
"to pay the exercise price and to satisfy its income tax withholding and remittance obligations"
does not involve an open market sale financial
"The withholding of shares referenced here does not involve an open market sale of stock."
vest and become exercisable financial
"shares subject to the option shall vest and become exercisable in three annual installments"
FAQ
What did Anterix (ATEX) CEO Scott A. Lang report in this Form 4?
Scott A. Lang reported exercising stock options and settling related obligations in shares. He exercised options for 63,788 shares at $30.99 and 74,530 shares at $34.96, with a portion of shares withheld to cover exercise prices and taxes.
Were any of Scott A. Lang’s Anterix (ATEX) transactions open-market sales?
No, the filing states the share withholdings did not involve open-market sales. Shares were withheld by Anterix to pay the option exercise prices and satisfy income tax withholding and remittance obligations related to those exercises, rather than being sold on the public market.
What does code “F” mean in Scott A. Lang’s Anterix (ATEX) Form 4?
Transaction code “F” indicates a tax-withholding disposition or payment of the exercise price using shares. In this case, Anterix withheld shares from exercised options to cover both the option exercise cost and income tax obligations, without executing open-market stock sales.