Climb Global (NASDAQ: CLMB) withholds 555 shares for insider tax liability
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Climb Global Solutions, Inc. Chief Alliance Officer Charles Edward Bass reported a Form 4 transaction involving common stock. On this date, 555 shares were disposed of at a price of $121.05 per share to cover tax obligations upon vesting of restricted stock, according to the footnote. After this tax-withholding disposition, he directly owned 25,514 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bass Charles Edward
Role
Chief Alliance Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 555 | $121.05 | $67K |
Holdings After Transaction:
Common Stock — 25,514 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Climb Global Solutions (CLMB) report for Charles Edward Bass?
Climb Global Solutions reported that Chief Alliance Officer Charles Edward Bass had 555 common shares withheld. The shares were disposed of to satisfy tax obligations upon vesting of restricted stock, and were not an open-market sale, according to the disclosed footnote.
Was the Climb Global Solutions (CLMB) insider transaction an open-market sale?
No, the transaction was not an open-market sale. The Form 4 classifies it as a tax-withholding disposition, with 555 shares withheld at vesting of restricted stock to cover the reporting person’s tax obligations, as explicitly stated in the accompanying footnote.