BETA CTO sells 19,019 shares in tax-related trade
BETA Technologies, Inc. director and chief technology officer David Lawrence Churchill reported selling a total of 19,019 shares of Class A common stock on May 7 in open-market transactions at a weighted average price of $18.1216 per share.
Rhea-AI Filing Summary
BETA Technologies, Inc. director and chief technology officer David Lawrence Churchill reported selling a total of 19,019 shares of Class A common stock on May 7 in open-market transactions at a weighted average price of $18.1216 per share.
According to the filing, a portion of the sale was a mandatory transaction to cover tax liabilities tied to the settlement of performance-based restricted stock units. After these sales, indirect holdings via a domestic partner totaled 3,602 shares, and direct holdings totaled 552,647 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 19,019 shares
Net Sell
2 txns
Insider
Churchill David Lawrence
Role
CHIEF TECHNOLOGY OFFICER
Sold
19,019 shs ($345K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A common stock | 18,981 | $18.1216 | $344K |
| Sale | Class A common stock | 38 | $18.1216 | $688.62 |
Holdings After Transaction:
Class A common stock — 552,647 shares (Direct);
Class A common stock — 3,602 shares (Indirect, By Domestic Partner)
Footnotes (3)
- F1. Mandatory sale to cover tax liability associated with the settlement of performance-based restricted stock units.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.6100 to $19.6099, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote 2 to this Form 4.
- F3. The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
Key Figures
Shares sold: 19,019 shares
Weighted average sale price: $18.1216 per share
Price range: $17.6100–$19.6099 per share
+2 more
5 metrics
Shares sold
19,019 shares
Total Class A common stock sold on May 7
Weighted average sale price
$18.1216 per share
Average price for May 7 open-market sales
Price range
$17.6100–$19.6099 per share
Range of prices for multiple sale transactions
Direct holdings after sale
552,647 shares
Direct Class A common stock owned post-transaction
Indirect holdings after sale
3,602 shares
Held via domestic partner after transaction
Key Terms
performance-based restricted stock units, weighted average price, pecuniary interest, open-market sale
4 terms
performance-based restricted stock units financial
"Mandatory sale to cover tax liability associated with the settlement of performance-based restricted stock units."
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
pecuniary interest financial
"The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein."
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did BETA (BETA) report for David Lawrence Churchill?
BETA reported that David Lawrence Churchill sold 19,019 shares of Class A common stock. The transactions occurred on May 7 at a weighted average price of $18.1216 per share, as disclosed in the Form 4 insider filing.
Were the BETA (BETA) insider sales discretionary open-market trades?
The transactions are coded as open-market sales, but a footnote clarifies that a portion was mandatory to satisfy tax liabilities from performance-based restricted stock unit settlement, indicating a compensation-related and tax-driven component to the activity.
AI-generated analysis. How Rhea-AI works. Not financial advice.
