[Form 4] Corsair Gaming, Inc. Insider Trading Activity
Corsair Gaming insider Michael G. Potter, the company's Chief Financial Officer and a director, reported disposal of common stock shares on August 15 and 16, 2025. The filings show 1,262 shares were withheld on 08/15/2025 at $8.74 per share and 627 shares were withheld on 08/16/2025 at $8.74 per share to satisfy tax obligations related to the vesting and settlement of restricted stock units (RSUs). After these withholdings, Mr. Potter beneficially owned 121,554 shares following the 08/15 transaction and 120,927 shares following the 08/16 transaction, with ownership held directly. The Form 4 is signed by Mr. Potter on 08/18/2025.
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Insights
TL;DR: Routine RSU tax-withholding transactions reduced the CFO's direct holdings by 1,889 shares; non-material to corporate control.
The Form 4 discloses standard withholding of shares to cover taxes upon RSU settlement, not open-market sales. The transactions occurred at $8.74 per share and lowered direct beneficial ownership from 121,554 to 120,927 shares. This type of disposition is administrative and does not indicate a change in insider confidence or a transfer of economic exposure beyond satisfying tax liabilities. Investors should view these as non-dispositive for governance or control.
TL;DR: Disclosure is timely and conforms to Section 16 reporting; transactions are explanatory and routine.
The explanatory note clarifies the shares were withheld by the issuer under the RSU agreement to meet tax obligations, which is a common practice and typically does not require additional remediation. The Form 4 was executed and filed, indicating compliance with reporting obligations. There is no indication of other transactions, derivative activity, or coordinated filings.