Bionano Genomics (BNGO) CMO has 24 vested shares withheld for tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bionano Genomics, Inc. Chief Medical Officer Alka Chaubey reported a routine tax-related share withholding. On shares that vested from a prior restricted stock unit (RSU) award on June 3, 2026, the company withheld 24 shares of common stock at $1.30 per share to cover tax obligations, rather than issuing those shares. After this tax-withholding disposition, Chaubey directly holds 620 shares of Bionano Genomics common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Chaubey Alka
Role
CHIEF MEDICAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 24 | $1.30 | $31.20 |
Holdings After Transaction:
Common Stock — 620 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 24 shares
Withholding price per share: $1.30 per share
Shares held after transaction: 620 shares
3 metrics
Shares withheld for taxes
24 shares
Withheld to satisfy tax obligations on RSU vesting June 3, 2026
Withholding price per share
$1.30 per share
Value used for 24 withheld common shares
Shares held after transaction
620 shares
Direct common stock holdings following tax-withholding disposition
Key Terms
restricted stock unit (RSU), tax withholding obligations, tax-withholding disposition, Common Stock
4 terms
restricted stock unit (RSU) financial
"in connection with shares that vested on June 3, 2026 pursuant to an RSU award granted on June 3, 2024"
A restricted stock unit (RSU) is a promise from a company to give an employee company shares (or cash equal to their value) at a future date if certain conditions are met, such as staying with the company or hitting performance targets. For investors, RSUs matter because when they convert into actual shares they increase the number of shares available and can create selling pressure as employees cash out—think of them as a future paycheck paid in company stock.
tax withholding obligations financial
"were not issued in order to satisfy the reporting person's tax withholding obligations upon settlement of the RSU award"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Common Stock financial
""security_title": "Common Stock""
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 insider transaction did Bionano Genomics (BNGO) report for Alka Chaubey?
Bionano Genomics reported a tax-related share withholding for Chief Medical Officer Alka Chaubey. The company withheld 24 common shares to cover taxes on vested RSUs, a routine administrative transaction rather than an open-market buy or sell.
What RSU award is referenced in Alka Chaubey’s BNGO Form 4 filing?
The filing references an RSU award originally granted on June 3, 2024. Shares from this award vested on June 3, 2026, and 24 underlying common shares were withheld by Bionano Genomics to satisfy associated tax withholding obligations.
Is the Alka Chaubey BNGO Form 4 transaction considered routine?
Yes, it reflects a routine tax-withholding mechanism tied to RSU vesting. The issuer retained 24 shares instead of issuing them, a standard practice that does not indicate discretionary buying or selling activity by the insider.