Climb Global (CLMB) CFO has 276 restricted shares withheld for tax
Rhea-AI Filing Summary
Climb Global Solutions’ Chief Financial Officer, Matthew M. Sullivan, reported an automatic share withholding related to equity compensation. On February 5, 2026, 276 shares of common stock were withheld at a price of $119.87 per share to cover taxes upon vesting of restricted stock.
After this tax withholding, Sullivan beneficially owned 19,082 shares of Climb Global Solutions common stock, held directly. The transaction was coded "F," indicating shares withheld by the issuer rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 276 shares
Net Sell
1 txn
Insider
SULLIVAN MATTHEW M
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 276 | $119.87 | $33K |
Holdings After Transaction:
Common Stock — 19,082 shares (Direct)
Footnotes (1)
- F1. Shares withheld at vesting of restricted stock for purposes of meeting the reporting person's tax obligations.
FAQ
What insider transaction did Climb Global Solutions (CLMB) report for its CFO?
Climb Global Solutions reported that CFO Matthew M. Sullivan had 276 shares withheld on February 5, 2026. These common shares were withheld at $119.87 each to satisfy tax obligations triggered by the vesting of restricted stock, rather than sold in the open market.
What does transaction code "F" mean in the Climb Global Solutions (CLMB) Form 4?
Transaction code "F" indicates shares were withheld by the issuer to cover taxes on a stock award. In this case, 276 restricted shares of Climb Global Solutions common stock were withheld at vesting to satisfy CFO Matthew M. Sullivan’s tax obligations, not as a discretionary sale.
Was the Climb Global Solutions (CLMB) CFO’s Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. The Form 4 footnote explains that 276 shares were withheld at the vesting of restricted stock to meet Matthew M. Sullivan’s tax obligations, meaning the issuer retained those shares instead of selling them on the market.
What role does Matthew M. Sullivan hold at Climb Global Solutions (CLMB)?
Matthew M. Sullivan is the Chief Financial Officer of Climb Global Solutions, as indicated in the filing. The Form 4 identifies him as an officer, not a director or 10% owner, and reports his beneficial ownership and the tax-related share withholding from restricted stock vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.