BYND Insider Filing: Teri Witteman Disposes 2,001 Shares for Tax Withholding
Rhea-AI Filing Summary
Teri L. Witteman, Chief Legal Officer and Secretary of Beyond Meat, Inc. (BYND), reported a sale of 2,001 shares of the issuer's common stock on 09/02/2025 at a reported price of $2.37 per share. The Form 4 shows the shares were withheld to pay taxes related to the vesting of restricted stock units awarded under the 2018 Equity Incentive Plan. After the transaction, Ms. Witteman beneficially owned 102,146 shares. The filing was signed on 09/04/2025 and was submitted as a Form 4 by a single reporting person.
Positive
- Timely disclosure of insider transaction via Form 4 demonstrates regulatory compliance
- Clear explanation that shares were withheld to pay taxes on vested restricted stock units, clarifying the nature of the disposition
Negative
- Reduction in beneficial ownership by 2,001 shares is reported
- No additional context on future vesting schedule or other holdings beyond the post-transaction total
Insights
TL;DR Insider sale appears to be a routine tax-withholding event tied to vested RSUs, not a separate open-market sale.
The Form 4 discloses a disposition of 2,001 shares by the Chief Legal Officer recorded as withheld to satisfy tax obligations on vested restricted stock units from the 2018 Equity Incentive Plan. Such withholdings are a common administrative step upon vesting and typically do not indicate a voluntary liquidity-driven sale. The filing was submitted promptly and identifies remaining beneficial ownership of 102,146 shares, providing transparency on the officer's post-transaction position.
TL;DR Transaction is disclosed clearly; the direct impact on outstanding insider holdings is limited to the reported share reduction.
The reported disposition of 2,001 shares at $2.37 per share reduced the reporting person's direct holdings to 102,146 shares. The stated reason—tax withholding on vested RSUs—means the transaction arose from compensation mechanics rather than a discretionary sale. The Form 4 provides the essential data investors monitor for insider activity: date, amount, price, and post-transaction ownership.