Beta Bionics (BBNX) CPO sells 4,378 shares to cover RSU tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Beta Bionics, Inc. Chief Product Officer Mike Mensinger reported a small share sale primarily for tax purposes. He sold 4,378 shares of Common Stock on June 2, 2026 at a weighted average price of $12.6071 per share, within a price range of $12.30 to $12.93.
According to the disclosure, the shares were sold to cover tax withholding obligations tied to the vesting of restricted stock units rather than a discretionary portfolio decision. After this transaction, Mensinger still directly owns 184,415 shares of Beta Bionics common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,378 shares ($55,194)
Net Sell
1 txn
Insider
Mensinger Mike
Role
Chief Product Officer
Sold
4,378 shs ($55K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 4,378 | $12.6071 | $55K |
Holdings After Transaction:
Common Stock — 184,415 shares (Direct, null)
Footnotes (1)
- The shares were sold to cover tax withholding obligations associated with the vesting of restricted stock units. The weighted average sale price for the transaction reported was $12.6071 and the range of prices were between $12.30 and $12.93. Upon request by the SEC staff, the Issuer, or any security holder of the Issuer, full information regarding the number of shares sold at each separate price will be provided.
Key Figures
Shares sold: 4,378 shares
Weighted average sale price: $12.6071/share
Sale price range: $12.30–$12.93/share
+1 more
4 metrics
Shares sold
4,378 shares
Common Stock sold on June 2, 2026
Weighted average sale price
$12.6071/share
Average price for reported sale
Sale price range
$12.30–$12.93/share
Range of prices for the transaction
Shares held after transaction
184,415 shares
Direct holdings after sale
Key Terms
restricted stock units, weighted average sale price, open-market sale
3 terms
restricted stock units financial
"tax withholding obligations associated with the vesting of restricted stock units"
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.
weighted average sale price financial
"The weighted average sale price for the transaction reported was $12.6071"
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What did Beta Bionics (BBNX) Chief Product Officer Mike Mensinger report in this Form 4?
Mike Mensinger reported a sale of 4,378 shares of Beta Bionics common stock. The transaction occurred on June 2, 2026, and was linked to tax withholding needs from restricted stock unit vesting rather than a discretionary open-market sale.
Was the Beta Bionics (BBNX) insider transaction an open-market sale?
The transaction is coded as an open-market sale, but the footnote clarifies the purpose was covering tax withholding on restricted stock unit vesting. That context makes it more of a routine tax event than a purely discretionary open-market sale decision.