CFO of Climb Global (CLMB) covers tax bill with 558 withheld shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Climb Global Solutions, Inc. Chief Financial Officer Matthew M. Sullivan reported a small tax-related share disposition. On the vesting of restricted stock, 558 shares of common stock were withheld at $18.76 per share to satisfy his tax obligations, a non–open-market event. Following this withholding, he directly holds 88,464 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SULLIVAN MATTHEW M
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 558 | $18.76 | $10K |
Holdings After Transaction:
Common Stock — 88,464 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 558 shares
Withholding price per share: $18.76 per share
Shares held after transaction: 88,464 shares
+1 more
4 metrics
Shares withheld for taxes
558 shares
Withheld on restricted stock vesting to meet tax obligations
Withholding price per share
$18.76 per share
Value used for 558-share tax-withholding disposition
Shares held after transaction
88,464 shares
Direct common stock holdings of CFO after withholding
Tax-withholding transactions
1 transaction, 558 shares
Form 4 transaction summary for code F disposition
Key Terms
restricted stock, tax obligations, tax-withholding disposition, Form 4
4 terms
restricted stock financial
"Shares withheld at vesting of restricted stock for purposes of meeting the reporting person's tax obligations."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
tax obligations financial
"Shares withheld at vesting of restricted stock for purposes of meeting the reporting person's tax obligations."
tax-withholding disposition regulatory
"transaction_action: "tax-withholding disposition" for this Form 4 entry"
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4): disclosure of the CFO's transaction"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Climb Global Solutions (CLMB) report?
Climb Global Solutions reported that CFO Matthew M. Sullivan had 558 common shares withheld to cover taxes on restricted stock vesting. This was coded as a tax-liability disposition, not an open-market sale, and reflects routine compensation-related activity.
What does transaction code "F" mean for the CLMB insider filing?
Transaction code "F" indicates shares disposed of to pay an exercise price or tax liability. For CLMB, 558 shares of restricted stock were withheld at vesting to cover CFO Matthew M. Sullivan’s tax obligations, rather than being sold through an open-market transaction.
Is the Climb Global Solutions (CLMB) insider transaction considered routine?
Yes, this transaction appears routine. The 558 shares were withheld solely to cover taxes on restricted stock vesting, as noted in the footnote, and did not involve discretionary buying or selling in the open market by the CFO.