BridgeBio Pharma (BBIO) CEO reports RSU vesting and tax share withholding
Rhea-AI Filing Summary
BridgeBio Pharma, Inc. director and CEO Neil Kumar reported equity compensation-related transactions involving restricted stock units (RSUs) and common stock on February 16, 2026. He acquired multiple blocks of common stock at $0.00 per share through the exercise or conversion of RSUs, which each represent a contingent right to receive one share of common stock.
To cover tax obligations triggered by the vesting of 64,698 RSU-based shares, 30,970 shares of common stock were disposed of at $75.25 per share via share withholding, rather than an open-market sale. Following these transactions, he continued to hold a significant number of shares directly, and additional common stock is held indirectly through the Kumar Haldea Family Irrevocable Trust and the Kumar Haldea Revocable Trust, where he is a co-trustee. He disclaims beneficial ownership of the trust-held shares except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 33,544 | $0.00 | -- |
| Exercise | Restricted Stock Units | 19,600 | $0.00 | -- |
| Exercise | Restricted Stock Units | 11,554 | $0.00 | -- |
| Exercise | Common Stock | 33,544 | $0.00 | -- |
| Exercise | Common Stock | 19,600 | $0.00 | -- |
| Exercise | Common Stock | 11,554 | $0.00 | -- |
| Tax Withholding | Common Stock | 30,970 | $75.25 | $2.33M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock. Represents number of shares of the Issuer's Common Stock withheld to satisfy the Reporting Person's tax obligation in connection with the vesting of 64,698 shares of Common Stock underlying the Reporting Person's RSUs. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed to be an admission that such shares are beneficially owned by the Reporting Person for Section 16 or any other purpose. The RSUs vested with respect to 1/16th of the underlying shares on May 16, 2023. Thereafter, 1/16th of the underlying shares vest on a quarterly basis, subject to the Reporting Person's continued service with the Issuer or any of its subsidiaries through each vesting date. The RSUs have no expiration date. The RSUs vested with respect to 1/16th of the underlying shares on May 16, 2024. Thereafter, 1/16th of the underlying shares vest on a quarterly basis, subject to the Reporting Person's continued service with the Issuer or any of its subsidiaries through each vesting date. The RSUs have no expiration date. The RSUs vested with respect to 1/16th of the underlying shares on May 16, 2025. Thereafter, 1/16th of the underlying shares vest on a quarterly basis, subject to the Reporting Person's continued service with the Issuer or any of its subsidiaries through each vesting date. The RSUs have no expiration date.
