ProCap Financial (BRR) CFO uses 56,757 shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ProCap Financial, Inc. Chief Financial Officer Renae Terese Cormier reported a tax-related share disposition. On the reported date, 56,757 shares of common stock were used to satisfy tax obligations, classified as a tax-withholding disposition rather than an open-market sale.
After this transaction, Cormier directly held 489,850 shares of ProCap common stock. Because the shares were withheld to cover taxes instead of being sold in the market, this filing reflects a routine administrative event tied to equity compensation, not a discretionary share sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cormier Renae Terese
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, par value $0.001 | 56,757 | $124,298.00 | $7.05B |
Holdings After Transaction:
Common Stock, par value $0.001 — 489,850 shares (Direct, null)
Footnotes (1)
Key Figures
Shares used for tax withholding: 56,757 shares
Shares held after transaction: 489,850 shares
Tax-withholding transactions: 1 transaction, 56,757 shares
3 metrics
Shares used for tax withholding
56,757 shares
Tax-withholding disposition coded F on common stock
Shares held after transaction
489,850 shares
Direct ownership by CFO after tax-withholding event
Tax-withholding transactions
1 transaction, 56,757 shares
Aggregate tax-withholding activity in this Form 4
Key Terms
tax-withholding disposition, Common Stock, par value $0.001, Payment of exercise price or tax liability by delivering securities
3 terms
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, par value $0.001 financial
"security_title: "Common Stock, par value $0.001""
Payment of exercise price or tax liability by delivering securities financial
"transaction_code_description: "Payment of exercise price or tax liability by delivering securities""
FAQ
What insider transaction did ProCap Financial (BRR) report on this Form 4?
ProCap Financial reported its Chief Financial Officer, Renae Terese Cormier, using 56,757 common shares to cover tax obligations. The transaction is coded as a tax-withholding disposition, meaning shares were surrendered to satisfy taxes rather than sold in the open market.
Was the ProCap Financial (BRR) CFO’s Form 4 transaction an open-market sale?
No, the transaction is not an open-market sale. It is coded as an F transaction, described as a payment of tax liability by delivering securities, meaning shares were withheld for taxes rather than sold to outside investors on the market.
What does transaction code F mean on the ProCap Financial (BRR) Form 4?
Transaction code F indicates shares were used to pay an exercise price or tax liability by delivering securities. In this case, 56,757 shares of ProCap Financial common stock were surrendered for tax withholding tied to equity compensation, not sold in a discretionary trade.