Climb Global Solutions (CLMB) CFO reports tax-related share withholding
Rhea-AI Filing Summary
Climb Global Solutions, Inc. reported that Chief Financial Officer Matthew M. Sullivan had 646 shares of Common Stock withheld on 2026-08-05 at $26.78 per share as a tax-withholding disposition related to restricted stock vesting.
After this transaction, Sullivan directly holds 87,818 shares of Climb Global Solutions common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 646 shares
Net Sell
1 txn
Insider
SULLIVAN MATTHEW M
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 646 | $26.78 | $17K |
Holdings After Transaction:
Common Stock — 87,818 shares (Direct)
Footnotes (1)
- F1. Shares withheld at vesting of restricted stock for purposes of meeting the reporting person's tax obligations.
Key Figures
Shares withheld for taxes: 646 shares
Price per share: $26.78
Shares held after transaction: 87,818 shares
3 metrics
Shares withheld for taxes
646 shares
Code F tax-withholding disposition on 2026-08-05
Price per share
$26.78
Per-share value used for the tax-withholding disposition
Shares held after transaction
87,818 shares
Directly owned by Matthew M. Sullivan following the withholding
Key Terms
restricted stock, tax obligations, tax-withholding disposition
3 terms
restricted stock financial
"Shares withheld at vesting of restricted stock for purposes of meeting"
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
"for purposes of meeting the reporting person's tax obligations."
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did CLMB CFO Matthew Sullivan report?
He reported a tax-withholding disposition of 646 common shares related to restricted stock vesting. The shares were valued at $26.78 per share on 2026-08-05, and he directly held 87,818 shares after the transaction.
Was the recent CLMB insider transaction a market sale or tax withholding?
The transaction was a tax-withholding disposition, not an open-market sale. Shares were withheld at the vesting of restricted stock to meet Matthew Sullivan’s tax obligations, as stated in the footnote, and were treated as a disposition of 646 shares.
Was the CLMB CFO’s insider transaction under a Rule 10b5-1 plan?
No. The Rule 10b5-1 checkbox in the filing is not marked, indicating the transaction was not carried out under a pre-arranged trading plan. It reflects shares withheld for tax obligations at restricted stock vesting instead of discretionary trading.