Certara SVP exercises RSUs, shares withheld for tax
Certara, Inc. senior vice president and general counsel Daniel Corcoran reported compensation-related equity activity.
Accepted by SEC EDGAR
Learn about SEC filing dates
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Certara, Inc. senior vice president and general counsel Daniel Corcoran reported compensation-related equity activity. He exercised restricted stock units into 22,830 shares of common stock and had 12,103 shares withheld at $5.82 per share to cover tax obligations, with no open‑market buying or selling.
Insider Trade Summary
22,830 shares exercised/converted
Exercise
6 txns
Insider
Corcoran Daniel
Role
SVP and General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 7,941 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 14,889 | $0.00 | $0.00 |
| Exercise | Common Stock | 7,941 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 4,210 | $5.82 | $25K |
| Exercise | Common Stock | 14,889 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 7,893 | $5.82 | $46K |
Holdings After Transaction:
Restricted Stock Units — 7,941 contracts (Direct);
Common Stock — 32,046 shares (Direct)
Footnotes (3)
- F1. Each restricted stock unit ("RSU") was granted on June 1, 2024, under the Certara, Inc. 2020 Incentive Plan (the "2020 Incentive Plan") and represents the right to receive one share of common stock or the cash equivalent. One-third of the RSUs vested and were settled on May 30, 2025. One-third of the RSUs vested and were settled on June 1, 2026. The remaining one-third of the RSUs will vest and settle on June 1, 2027.
- F2. Represents shares of Certara, Inc. withheld to satisfy tax withholding obligations in connection with the vesting of the RSUs, exempt under Rule 16b-3.
- F3. Each RSU was granted on June 1, 2024, under the 2020 Incentive Plan and represents the right to receive one share of common stock or the cash equivalent. One-half of the RSUs vested and were settled on May 31, 2025, and the remaining one-half vested and were settled on June 1, 2026.
Key Figures
RSU exercises: 22,830 shares
Tax-withholding shares: 12,103 shares
Withholding reference price: $5.82 per share
+2 more
5 metrics
RSU exercises
22,830 shares
Total common shares from RSU exercises on June 1, 2026
Tax-withholding shares
12,103 shares
Shares withheld to satisfy tax obligations on June 1, 2026
Withholding reference price
$5.82 per share
Price used on tax-withholding dispositions of common stock
Exercise transactions
2 transactions
Derivative exercises (code M) reported in transaction summary
Tax-withholding transactions
2 transactions
Code F dispositions for tax obligations in transaction summary
Key Terms
Restricted Stock Units, 2020 Incentive Plan, Rule 16b-3, tax withholding obligations
4 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") was granted on June 1, 2024, under the Certara, Inc. 2020 Incentive Plan"
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.
2020 Incentive Plan financial
"granted on June 1, 2024, under the Certara, Inc. 2020 Incentive Plan"
Rule 16b-3 regulatory
"withheld to satisfy tax withholding obligations in connection with the vesting of the RSUs, exempt under Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
tax withholding obligations financial
"Represents shares of Certara, Inc. withheld to satisfy tax withholding obligations in connection with the vesting of the RSUs"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Certara (CERT) executive Daniel Corcoran report in this Form 4?
Daniel Corcoran reported equity compensation activity, not open-market trading. He exercised restricted stock units into Certara common shares and had a portion of those shares withheld by the company to satisfy tax obligations tied to the vesting of those awards.
Were there any open-market buys or sells of Certara (CERT) stock by Corcoran?
No open-market buys or sells are reported. The transactions are RSU exercises (code M) and tax-withholding dispositions (code F). Both are routine compensation-related events and do not represent discretionary purchases or sales of Certara shares in the open market.
What plan governed the RSUs in Daniel Corcoran’s Certara (CERT) Form 4?
The RSUs were granted under the Certara, Inc. 2020 Incentive Plan. Footnotes explain vesting schedules, with units granted on June 1, 2024 and portions vesting and settling in 2025 and 2026, and remaining units scheduled to vest and settle in 2027.
What does transaction code F mean in the Certara (CERT) Form 4?
Transaction code F indicates shares delivered to pay taxes or exercise costs, not market sales. In this filing, code F marks Certara shares withheld to satisfy Corcoran’s tax withholding obligations arising from RSU vesting, a common feature of equity compensation programs.
AI-generated analysis. How Rhea-AI works. Not financial advice.
