Climb Global (NASDAQ: CLMB) COO has 725 shares withheld for tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Climb Global Solutions, Inc. Chief Operating Officer Timothy Popovich reported a routine tax-related share disposition. On the vesting of restricted stock, 725 shares of common stock were withheld at a value of $18.76 per share to cover his tax obligations. This was not an open-market sale but an automatic tax-withholding mechanism. After this transaction, he directly holds 58,113 shares of Climb Global Solutions common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Popovich Timothy
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 725 | $18.76 | $14K |
Holdings After Transaction:
Common Stock — 58,113 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 725 shares
Withholding price per share: $18.76 per share
Shares held after transaction: 58,113 shares
3 metrics
Shares withheld for taxes
725 shares
Tax-withholding disposition on restricted stock vesting
Withholding price per share
$18.76 per share
Value used for tax-withholding disposition
Shares held after transaction
58,113 shares
Direct CLMB common stock held by COO post-transaction
Key Terms
restricted stock, tax-withholding disposition, Form 4, Chief Operating Officer
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-withholding disposition financial
"transaction_action: tax-withholding disposition related to vested restricted stock"
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)"
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.
Chief Operating Officer financial
"officer_title: Chief Operating Officer"
A chief operating officer (COO) is a senior executive responsible for overseeing the day-to-day activities of a company, ensuring that all parts of the organization work smoothly and efficiently. They often act like a company's operational quarterback, translating strategic plans into practical actions. For investors, the COO's effectiveness can influence a company's performance and stability, making them an important figure in assessing the company's management strength.
FAQ
What insider transaction did CLMB COO Timothy Popovich report on this Form 4?
Timothy Popovich reported a tax-withholding disposition of 725 CLMB common shares. These shares were withheld when restricted stock vested to satisfy his tax obligations, rather than sold in the open market for investment reasons.
What does transaction code "F" on the CLMB Form 4 indicate?
Transaction code “F” indicates shares used to pay an exercise price or tax liability. In this CLMB filing, it reflects restricted stock vesting where 725 shares were withheld at $18.76 per share to cover Timothy Popovich’s tax obligations, not a discretionary sale.