[Form 4] Bristol-Myers Squibb Co. Insider Trading Activity

Rhea-AI Filing Summary

Vistra Corp. (VST) – Form 4 insider filing

President & CEO James A. Burke reported an 8/01/25 transaction coded “F,” meaning 3,806 common shares were withheld at $208.05 to cover taxes on vested RSUs; no open-market sale occurred.

Post-transaction, Burke directly owns 211,982 VST shares. He also indirectly owns 701,514 shares via JAMEB, LP (jointly held with his spouse), 34,000 shares in a 2012 irrevocable trust and 259 shares in a second trust. The filing explains that 231,750 shares were transferred from direct ownership to JAMEB, LP, accounting for both the direct decrease and indirect increase.

No derivative positions were listed, and the document does not reference a Rule 10b5-1 plan. The administrative, tax-driven nature of the withholding suggests neutral signal for investors, with no material change to the insider’s overall exposure to Vistra’s equity.

Insights

Securities Analyst

TL;DR: Minor tax-withholding disposal; insider retains large stake—neutral for VST valuation.

The 3,806-share “F” code transaction is routine RSU tax withholding and represents less than 0.3 % of Burke’s combined 947k-share exposure. Because the shares never hit the market, there is no supply pressure or indication of bearish sentiment. The large transfer of 231,750 shares to JAMEB LP is an internal re-titling with no economic effect. Therefore, liquidity, governance and outlook for Vistra remain unchanged; impact rated neutral.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Short Bartie Wendy

(Last) (First) (Middle)

BRISTOL-MYERS SQUIBB COMPANY

ROUTE 206 & PROVINCE LINE ROAD

(Street)

PRINCETON NJ 08543

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BRISTOL MYERS SQUIBB CO [ BMY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Corporate Affairs

3. Date of Earliest Transaction (Month/Day/Year)
08/02/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, $0.10 par value	08/02/2025		M		738(1)	A	$0	5,444	D
Common Stock, $0.10 par value	08/02/2025		S		378(2)	D	$44.23	5,066	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(3)	08/02/2025		M			738	(1)	08/02/2025	Common Stock, $0.10 par value	738	$0	0	D

Explanation of Responses:

1. These restricted stock units vest in four equal installments beginning on August 2, 2022.

2. Shares withheld for payment of taxes upon vesting of award.

3. Each restricted stock unit converts into one share of common stock upon vesting.

Remarks:

	/s/ Sophie M. Bail, attorney-in-fact for Wendy Short Bartie	08/05/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did Vistra (VST) CEO James Burke report on Form 4?

3,806 common shares were withheld by Vistra on 08/01/25 to pay taxes on vested RSUs (Transaction Code F).

How many Vistra shares does Burke now own directly?

After the transaction, he holds 211,982 shares directly.

How many Vistra shares are held through JAMEB, LP?

The filing lists 701,514 shares held indirectly via JAMEB, LP, jointly owned with his spouse.

Why did Burke’s direct holdings decrease by 231,750 shares?

Those shares were transferred to JAMEB LP, shifting them from direct to indirect ownership.

Does the Form 4 mention a Rule 10b5-1 trading plan?

No. The filing does not indicate that the transaction was executed under a Rule 10b5-1 plan.