BBOT (BBOT) COO Idan sees 343 shares withheld to cover RSU tax bill
Rhea-AI Filing Summary
BridgeBio Oncology Therapeutics, Inc. reported a routine insider equity event for COO & Principal Financial Officer Elmelech Idan. The company withheld 343 shares of Common Stock at $7.80 per share to cover his tax obligations tied to vesting restricted stock units. This was a tax-withholding disposition, not an open-market trade, and reflects how part of his equity award was used to pay taxes. After this withholding, Idan directly holds 14,495 shares of the company’s common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 343 shares
Net Sell
1 txn
Insider
Elmelech Idan
Role
COO & Principal Financial Ofcr
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 343 | $7.80 | $3K |
Holdings After Transaction:
Common Stock — 14,495 shares (Direct)
Footnotes (1)
- F1. Represents the number of shares of the Issuer's Common Stock withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the vesting of restricted stock units.
Key Figures
Shares withheld for taxes: 343 shares
Withholding share value: $7.80 per share
Shares held after transaction: 14,495 shares
3 metrics
Shares withheld for taxes
343 shares
Withheld to satisfy tax obligations on RSU vesting
Withholding share value
$7.80 per share
Value used for tax-withholding disposition
Shares held after transaction
14,495 shares
Direct holdings of Elmelech Idan 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
"Represents the number of shares of the Issuer's Common Stock withheld"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did BBOT executive Elmelech Idan report on this Form 4?
The filing shows a tax-related share disposition, not a market sale. BridgeBio Oncology Therapeutics withheld 343 shares of common stock from COO Elmelech Idan to satisfy tax obligations on vesting restricted stock units.
What caused the tax-withholding disposition reported in BBOT’s Form 4 filing?
The disposition was triggered by the vesting of restricted stock units. To cover COO Elmelech Idan’s tax withholding obligations, BridgeBio Oncology Therapeutics withheld 343 shares of its common stock instead of requiring a separate cash payment.