ClearPoint director exercises options, covers taxes
ClearPoint Neuro, Inc. director Timothy T. Richards exercised stock options and had shares withheld to cover taxes.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
ClearPoint Neuro, Inc. director Timothy T. Richards exercised stock options and had shares withheld to cover taxes. He exercised options for 500 shares of Common Stock at $10.00 per share and 376 shares were disposed of at $13.30 per share for tax-withholding. Following these transactions, he directly owned 87,322 Common Stock shares, and the exercised option grant was fully used.
Insider Trade Summary
500 shares exercised/converted
Exercise
3 txns
Insider
Richards Timothy T.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options (right to buy) | 500 | $10.00 | $5K |
| Exercise | Common Stock | 500 | $10.00 | $5K |
| Exercise Price or Tax Liability | Common Stock | 376 | $13.30 | $5K |
Holdings After Transaction:
Stock Options (right to buy) — 0 contracts (Direct);
Common Stock — 87,322 shares (Direct)
Holdings Before and After:
Stock Options (right to buy), 500 to 0 contracts (Direct);
Common Stock, 87,198 to 87,322 shares (Direct)
Footnotes (1)
- F1. This option was previously reported as covering 20,000 shares at an exercise price of $0.25 per share, but was adjusted to reflect the stock split that occurred on July 27, 2016.
Key Figures
Option exercise shares: 500 shares
Option exercise price: $10.00/share
Tax-withholding shares: 376 shares
+3 more
6 metrics
Option exercise shares
500 shares
Stock options exercised for Common Stock at $10.00 per share on June 4, 2026
Option exercise price
$10.00/share
Exercise or conversion price for 500-share stock option
Tax-withholding shares
376 shares
Common Stock disposed of at $13.30 per share for tax withholding
Tax-withholding price
$13.30/share
Price per share for 376-share tax-withholding disposition
Post-transaction holdings
87,322 shares
Total Common Stock directly owned after the tax-withholding transaction
Option expiration date
June 8, 2026
Expiration date of exercised stock option (right to buy)
Key Terms
tax-withholding disposition, derivative exercise/conversion, Stock Options (right to buy), stock split, +1 more
5 terms
tax-withholding disposition financial
"376.0000 shares at $13.3000 per share were a 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.
derivative exercise/conversion financial
"transaction_action is described as derivative exercise/conversion of security"
Stock Options (right to buy) financial
"security_title is listed as Stock Options (right to buy)"
stock split financial
"option terms were adjusted to reflect the stock split on July 27, 2016"
A stock split increases the number of a company's shares by dividing each existing share into multiple new shares while reducing the price per share by the same proportion, so an investor's total value and ownership percentage stay the same. It matters because lower per-share prices can make trading easier and attract more buyers, similar to breaking a large chocolate bar into smaller pieces to make it easier to share, which can boost liquidity and market interest.
derivative security financial
"transaction_code_description notes an exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did ClearPoint Neuro (CLPT) director Timothy T. Richards report?
Timothy T. Richards reported an option exercise and related tax withholding. He exercised options for 500 Common Stock shares at $10.00 per share, and 376 shares were disposed of at $13.30 per share to satisfy tax obligations tied to the transaction.
What stock option did Timothy T. Richards exercise in ClearPoint Neuro (CLPT)?
Richards exercised a stock option covering 500 Common Stock shares at $10.00 per share. The option, originally granted before a stock split, had its terms adjusted for a July 27, 2016 split and reached its expiration date of June 8, 2026.
What does the tax-withholding disposition mean in the ClearPoint Neuro (CLPT) Form 4?
The tax-withholding disposition represents shares withheld to pay taxes. Specifically, 376 Common Stock shares were disposed of at $13.30 per share as part of paying exercise-related tax liabilities, a routine mechanism rather than a voluntary open-market sale.
AI-generated analysis. How Rhea-AI works. Not financial advice.
