BARK insider Michael Black: 21,767 RSU shares withheld for taxes
Rhea-AI Filing Summary
Michael Scott Black, identified as Chief Revenue Officer of Bark, Inc., reported a non-market transaction dated 08/10/2025 related to restricted stock units. The company withheld 21,767 shares to satisfy tax withholding obligations that arose when RSUs vested and were settled; the filing explicitly states this was not an open-market sale.
After the withholding, the filing shows Mr. Black beneficially owned 1,141,855 shares on a direct basis. The report lists a per-share figure of $0.79 alongside the transaction. This disclosure documents routine equity compensation settlement and a reduction in deliverable shares due to tax withholding.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine RSU tax-withholding; no open-market sale and beneficial ownership remains over one million shares.
The filing documents a standard withholding of 21,767 shares to cover taxes on vested restricted stock units, with the transaction dated 08/10/2025. Because shares were withheld rather than sold in the market, there is no immediate downward pressure from an insider sale. Beneficial ownership is reported as 1,141,855 shares direct, which is material to note for ownership concentration but the filing itself is a routine compensation settlement rather than a change in investment intent.
TL;DR: Governance disclosure aligns with Section 16 reporting; withholding indicates standard compensation mechanics, not shareholder exit.
The Form 4 indicates compliance with Section 16 reporting for an officer and discloses that the issuer withheld shares to satisfy tax obligations from RSU vesting. The filing clarifies the nature of the transaction as withholding rather than a sale, which is relevant for transparency around insider activity. The reported per-share figure of $0.79 is included in the table; the form is signed by an attorney-in-fact, reflecting a delegated filing process.