Bionano CEO reports 51-share tax withholding
Bionano Genomics President and CEO R. Erik Holmlin reported a small tax-related share disposition.
Rhea-AI Filing Summary
Bionano Genomics President and CEO R. Erik Holmlin reported a small tax-related share disposition. On the settlement of a restricted stock unit (RSU) award that vested on February 15, 2026, the issuer withheld 51 shares of common stock at $1.10 per share to cover his tax obligations, rather than selling them on the open market. After this withholding transaction, he directly holds 1,657 shares of Bionano Genomics common stock.
Positive
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Negative
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Insider Trade Summary
Exercise Price or Tax Liability: 51 shares
Exercise Price or Tax Liability
1 txn
Insider
Holmlin R. Erik
Role
PRESIDENT AND CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 51 | $1.10 | $56.10 |
Holdings After Transaction:
Common Stock — 1,657 shares (Direct)
Footnotes (1)
- F1. The reporting person is reporting the withholding by the Issuer of an aggregate of 51 shares of common stock in connection with shares that vested on February 15, 2026 pursuant to an RSU award granted on February 15, 2023, but that were not issued in order to satisfy the reporting person's tax withholding obligations upon settlement of the RSU award.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Bionano Genomics (BNGO) report for R. Erik Holmlin?
Bionano Genomics reported that President and CEO R. Erik Holmlin had 51 common shares withheld by the company to cover tax obligations from a vested RSU award, rather than selling shares on the open market. This is a routine tax-withholding disposition.
Was the Bionano Genomics CEO’s Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. The issuer withheld 51 shares from an RSU vesting to satisfy R. Erik Holmlin’s tax withholding obligations, a standard mechanism labeled as a tax-withholding disposition on the Form 4, not a discretionary sale.
What does transaction code F mean in the BNGO CEO’s Form 4 filing?
Transaction code F indicates a tax-withholding disposition. In this case, Bionano Genomics withheld 51 vested RSU shares to cover R. Erik Holmlin’s tax liability, instead of requiring him to pay cash or sell shares on the market.
AI-generated analysis. How Rhea-AI works. Not financial advice.