Cricut (CRCT) CEO covers RSU tax obligations with 203K withheld shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cricut, Inc. Chief Executive Officer Ashish Arora reported a routine tax-related share disposition. On the vesting of three RSU awards granted on April 20, 2022 and June 27, 2024, the company withheld 203,403 shares of Class A Common Stock at $4.03 per share to cover tax withholding obligations.
After this non-market transaction, Arora continues to hold 4,521,592 shares of Cricut Class A Common Stock directly, indicating this filing reflects compensation-related tax settlement rather than an open-market share sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ashish Arora
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 203,403 | $4.03 | $820K |
Holdings After Transaction:
Class A Common Stock — 4,521,592 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Tax-withheld shares: 203,403 shares
Withholding price: $4.03 per share
Post-transaction holdings: 4,521,592 shares
3 metrics
Tax-withheld shares
203,403 shares
Shares withheld to satisfy tax obligations on RSU vesting
Withholding price
$4.03 per share
Value applied to Class A shares withheld for taxes
Post-transaction holdings
4,521,592 shares
Class A shares directly held by Ashish Arora after transaction
Key Terms
RSU, tax withholding obligations, Class A Common Stock, Form 4
4 terms
RSU financial
"in connection with the vesting of three RSU awards granted to the reporting person"
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
tax withholding obligations financial
"withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting"
Class A Common Stock financial
"security_title: "Class A Common Stock""
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
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.
FAQ
What insider transaction did Cricut (CRCT) CEO Ashish Arora report?
Ashish Arora reported a tax-related share disposition. Cricut withheld 203,403 Class A shares at $4.03 per share to satisfy his tax obligations arising from vesting RSU awards, rather than him selling shares in the open market.
Was the Cricut (CRCT) CEO’s Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. The company withheld 203,403 shares to cover Ashish Arora’s tax obligations from vesting RSU awards, a standard compensation-related process instead of a discretionary sale of shares into the market.