Cricut (CRCT) CFO uses 62,029 shares to cover RSU tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cricut, Inc.’s Chief Financial Officer Shill Kimball C reported a tax-related share disposition. On this Form 4, 62,029 shares of Class A Common Stock were withheld by Cricut at $4.69 per share to cover tax obligations from vesting restricted stock units.
After this withholding, the CFO directly owns 1,374,871 shares of Class A Common Stock. The filing also lists indirect holdings of 614 shares held by the spouse and 205 shares held by the son, reflecting family ownership positions reported for transparency.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Shill Kimball C
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 62,029 | $4.69 | $291K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 1,374,871 shares (Direct);
Class A Common Stock — 614 shares (Indirect, By Spouse)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did Cricut (CRCT) report for its CFO?
Cricut’s CFO reported a tax-withholding disposition of shares. The company withheld 62,029 Class A shares at $4.69 each to satisfy tax obligations from vesting RSU awards, rather than an open-market sale.
Was the Cricut (CRCT) CFO Form 4 an open-market sale?
The filing shows a tax-withholding disposition, not an open-market sale. Shares were withheld by Cricut to satisfy tax obligations from vesting RSUs, which is common for equity compensation rather than a discretionary stock sale.
What does transaction code F mean in Cricut (CRCT) CFO’s Form 4?
Transaction code F indicates shares used to pay exercise price or tax liability. In this case, Cricut withheld 62,029 shares to cover the CFO’s RSU-related tax obligations, instead of the executive paying cash for the taxes.