Beta Bionics (BBNX) CMO sells 4,222 shares to cover tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Beta Bionics, Inc. Chief Medical Officer Russell Steven Jon reported an open-market sale of 4,222 shares of common stock on June 2, 2026. The shares were sold to cover tax withholding obligations arising from the vesting of restricted stock units.
The weighted average sale price was $12.6071 per share, with individual trade prices ranging from $12.30 to $12.93. After these transactions, he directly holds 173,849 shares of Beta Bionics common stock, indicating this was a relatively small, tax-driven sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,222 shares ($53,227)
Net Sell
1 txn
Insider
Russell Steven Jon
Role
Chief Medical Officer
Sold
4,222 shs ($53K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 4,222 | $12.6071 | $53K |
Holdings After Transaction:
Common Stock — 173,849 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: 4,222 shares
Weighted average sale price: $12.6071 per share
Sale price range: $12.30–$12.93 per share
+2 more
5 metrics
Shares sold
4,222 shares
Open-market sale on June 2, 2026
Weighted average sale price
$12.6071 per share
Common stock sale to cover tax withholding
Sale price range
$12.30–$12.93 per share
Range of prices for reported transaction
Shares held after transaction
173,849 shares
Directly held by CMO following sale
Net shares sold
4,222 shares
Net-sell direction in this Form 4
Key Terms
restricted stock units, weighted average sale price, open-market sale, tax withholding obligations
4 terms
restricted stock units financial
"cover 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.
tax withholding obligations financial
"sold to cover tax withholding obligations associated with the vesting"
FAQ
What insider transaction did Beta Bionics (BBNX) report in this Form 4?
Beta Bionics reported that its Chief Medical Officer, Russell Steven Jon, sold 4,222 shares of common stock. The sale occurred on June 2, 2026, and was linked to tax withholding obligations from vesting restricted stock units rather than a discretionary portfolio move.
Was the Beta Bionics CMO’s sale a routine tax transaction or a large discretionary sale?
The filing notes the shares were sold to meet tax withholding needs from restricted stock unit vesting, indicating a routine tax-related transaction. The 4,222 shares represent a small portion relative to his remaining 173,849 directly held shares.