Bark (BARK) CRO sees 3,522 shares withheld to cover RSU tax
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Bark, Inc. Chief Revenue Officer Michael Scott Black reported a routine tax-related share disposition. On the vesting of a Restricted Stock Units award, the issuer withheld 3,522 shares of common stock at $0.78 per share to cover tax withholding obligations, which the filing states was not an open market sale. Following this withholding, Black directly holds 1,308,177 shares of Bark common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Black Michael Scott
Role
Chief Revenue Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,522 | $0.78 | $3K |
Holdings After Transaction:
Common Stock — 1,308,177 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 3,522 shares
Withholding price per share: $0.78 per share
Shares held after transaction: 1,308,177 shares
3 metrics
Shares withheld for taxes
3,522 shares
Withheld to satisfy tax obligations on RSU vesting
Withholding price per share
$0.78 per share
Price applied to 3,522 withheld shares
Shares held after transaction
1,308,177 shares
Direct holdings of Michael Scott Black following withholding
Key Terms
Restricted Stock Units, tax withholding obligations, Form 4/A, Chief Revenue Officer
4 terms
Restricted Stock Units financial
"in connection with a vesting and settlement event from a Restricted Stock Units award"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"withheld the shares reported on this line to satisfy tax withholding obligations"
Form 4/A regulatory
"INSIDER FILING DATA (Form 4/A):"
Form 4/A is an amended filing that corrects or updates an earlier Form 4, the mandatory report that insiders (like company executives, directors, or large shareholders) must file when their ownership stakes change. Think of it as an edited receipt showing who bought or sold stock and when; investors use it to track insider confidence, detect potential conflicts, and spot trading patterns that might signal future company prospects.
Chief Revenue Officer financial
""officer_title": "Chief Revenue Officer""
A chief revenue officer is a top executive responsible for overseeing all aspects of generating income for a company, including sales, marketing, and customer relationships. They develop strategies to attract and retain customers, much like a coach guiding a team to score more points. Investors pay attention to this role because it directly influences the company's growth and profitability.
FAQ
What insider transaction did Bark (BARK) report for Michael Scott Black?
Bark reported that Chief Revenue Officer Michael Scott Black had 3,522 shares of common stock withheld by the issuer to satisfy tax obligations from a Restricted Stock Units vesting event, as disclosed in a Form 4/A insider filing.
Was the Bark (BARK) insider transaction an open market sale?
No, the filing states the 3,522 shares were withheld by the issuer to satisfy tax withholding obligations from a Restricted Stock Units vesting, and explicitly notes that this was not an open market sale of securities.