BridgeBio Oncology (BBOT) CEO has RSU shares withheld to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BridgeBio Oncology Therapeutics, Inc. President and CEO Pedro Beltran had 1,047 shares of Common Stock withheld at $9.03 per share to cover tax obligations from the vesting of restricted stock units.
After this tax-withholding disposition, he directly holds 45,623 shares of the company’s Common Stock. This is a routine, non–open-market event tied to equity compensation rather than an active sale in the market.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Beltran Pedro
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,047 | $9.03 | $9K |
Holdings After Transaction:
Common Stock — 45,623 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 1,047 shares
Withholding price per share: $9.03 per share
Shares held after transaction: 45,623 shares
3 metrics
Shares withheld for taxes
1,047 shares
Common Stock withheld to satisfy tax obligations on RSU vesting
Withholding price per share
$9.03 per share
Value used for tax-withholding disposition of Common Stock
Shares held after transaction
45,623 shares
Direct Common Stock ownership by Pedro Beltran following withholding
Key Terms
restricted stock units, tax withholding obligations, Common Stock
3 terms
restricted stock units financial
"in connection 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.
tax withholding obligations financial
"withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations"
Common Stock financial
"shares of the Issuer's Common Stock withheld by the Issuer"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What did BridgeBio Oncology (BBOT) CEO Pedro Beltran report in this Form 4?
Pedro Beltran reported a tax-withholding disposition of 1,047 shares of BridgeBio Oncology Common Stock. The company withheld these shares at $9.03 each to satisfy tax obligations arising from the vesting of previously granted restricted stock units.
Was the BridgeBio Oncology (BBOT) CEO’s Form 4 transaction an open-market sale?
No, the transaction was a tax-withholding disposition, not an open-market sale. Shares were retained by the issuer to satisfy Beltran’s tax obligations from vesting restricted stock units, rather than being sold on a stock exchange to outside buyers.
What does the F transaction code mean in the BridgeBio Oncology (BBOT) Form 4?
The F transaction code indicates a tax-withholding disposition, where shares are delivered to the issuer to cover taxes. In this case, BridgeBio Oncology withheld 1,047 shares from CEO Pedro Beltran when restricted stock units vested and generated a tax liability.