Bark (BARK) CRO has 3,756 shares withheld to cover RSU tax bill
Rhea-AI Filing Summary
Bark, Inc. Chief Revenue Officer Michael Scott Black reported a routine tax-related share disposition. On the event date, the issuer withheld 3,756 shares of common stock at $0.78 per share to cover tax obligations from a restricted stock unit vesting, which the footnote states was not an open-market sale. After this withholding, he directly owned 1,307,943 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,756 shares
Net Sell
1 txn
Insider
Black Michael Scott
Role
Chief Revenue Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 3,756 | $0.78 | $3K |
Holdings After Transaction:
Common Stock — 1,307,943 shares (Direct)
Footnotes (1)
- F1. The Issuer withheld the shares reported on this line to satisfy tax withholding obligations that arose in connection with a vesting and settlement event from a Restricted Stock Units award. Not an open market sale of securities.
FAQ
What insider transaction did Bark (BARK) report for Michael Scott Black?
Bark’s Chief Revenue Officer Michael Scott Black reported a tax-related share disposition. The company withheld common shares to cover taxes from a restricted stock unit vesting, and the filing clarifies this was not an open-market sale of stock.
Does the Bark (BARK) Form 4 show an open-market sale by the CRO?
No, the Form 4 explicitly states there was no open-market sale. The 3,756 shares were withheld by the issuer solely to satisfy tax withholding obligations from a restricted stock unit vesting and settlement event, not a discretionary market transaction.
What triggered the tax withholding reported in Bark (BARK) Chief Revenue Officer’s Form 4?
The tax withholding was triggered by a vesting and settlement event from a restricted stock unit award. To satisfy resulting tax obligations, the issuer withheld 3,756 common shares instead of conducting an open-market sale, as clarified in the filing’s footnote.
AI-generated analysis. How Rhea-AI works. Not financial advice.