ProCap CFO has 80,138 shares withheld for taxes
The withheld shares were for tax payment tied to RSU vesting—not an open‑market sale—leaving CFO Renae Terese Cormier with 409,712 shares.
Rhea-AI Filing Summary
ProCap Financial, Inc. (BRR) reported that Chief Financial Officer Cormier Renae Terese had 80,138 shares of common stock withheld by the company on 2026-09-01 to satisfy tax withholding obligations related to vesting of restricted stock units. These shares were delivered or withheld for payment of tax liability, not as an open‑market sale, leaving the officer with 409,712 shares held directly after the transaction.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
Exercise Price or Tax Liability: 80,138 shares
Exercise Price or Tax Liability
1 txn
Insider
Cormier Renae Terese
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock, par value $0.001 | 80,138 | $2.16 | $173K |
Holdings After Transaction:
Common Stock, par value $0.001 — 409,712 shares (Direct)
Key Figures
Shares delivered or withheld for tax obligations: 80,138 shares
Transaction value per share: $2.16 per share
Shares owned after transaction: 409,712 shares
3 metrics
Shares delivered or withheld for tax obligations
80,138 shares
Code F transaction on 2026-09-01 for tax liability related to RSU vesting
Transaction value per share
$2.16 per share
Value used for the 80,138 shares delivered or withheld
Shares owned after transaction
409,712 shares
Directly held by CFO Cormier Renae Terese following the transaction
Key Terms
restricted stock units, tax withholding obligations, Common Stock, par value $0.001
3 terms
restricted stock units financial
"in connection with the vesting of restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"to satisfy tax withholding obligations in connection with the vesting"
Common Stock, par value $0.001 financial
"security_title": "Common Stock, par value $0.001""
FAQ
What transaction did BRR CFO Cormier Renae Terese report on this Form 4?
The CFO reported that 80,138 BRR common shares were delivered or withheld on 2026-09-01 to pay tax obligations arising from vesting of restricted stock units, rather than sold in the open market.
Did the BRR Form 4 indicate use of a Rule 10b5-1 trading plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox is not checked, and the transaction is described as shares withheld to cover tax obligations from RSU vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.