CVRx (CVRX) COO executes 1,309-share sell-to-cover under Rule 10b5-1 plan
Rhea-AI Filing Summary
CVRx, Inc. chief operating officer Brent Binkowski reported a mandated sale of 1,309 shares of common stock on August 12, 2026. The shares were sold in a sell-to-cover transaction to satisfy tax withholding obligations at a weighted average price of $2.5502 per share, with individual prices between $2.55 and $2.564. Following this transaction, Binkowski directly holds 30,291 shares of CVRx common stock. The transaction is affirmed as made under a Rule 10b5-1 trading plan.
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Insider Trade Summary 10b5-1
Net Seller: 1,309 shares
Net Sell
1 txn
Insider
Binkowski Brent
Role
CHIEF OPERATING OFFICER
Sold
1,309 shs ($3K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 1,309 | $2.5502 | $3K |
Holdings After Transaction:
Common Stock — 30,291 shares (Direct)
Footnotes (2)
- F1. The sale was mandated by the issuer's award agreement to satisfy tax withholding obligations by a sell-to-cover transaction.
- F2. Reflects the weighted average price of 1,309 shares of common stock of CVRx, Inc. sold by the reporting person in multiple transactions on August 12, 2026 with sale prices ranging from $2.55 to $2.564 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
Key Figures
Shares sold: 1,309 shares
Weighted average sale price: $2.5502 per share
Sale price range: $2.55–$2.564 per share
+1 more
4 metrics
Shares sold
1,309 shares
Common stock sold on August 12, 2026 in a sell-to-cover transaction
Weighted average sale price
$2.5502 per share
Weighted average price for 1,309 shares sold on August 12, 2026
Sale price range
$2.55–$2.564 per share
Range of individual sale prices for the 1,309 shares
Shares held after transaction
30,291 shares
Direct holdings of Brent Binkowski following the August 12, 2026 sale
Key Terms
sell-to-cover transaction, tax withholding obligations, Rule 10b5-1 trading plan
3 terms
sell-to-cover transaction financial
"The sale was mandated ... to satisfy tax withholding obligations by a sell-to-cover transaction."
A sell-to-cover transaction is when a person granted company stock (for example as part of compensation or option exercise) immediately sells enough of those shares to pay required taxes or exercise costs and keeps the rest. Think of it like cashing part of a bonus to cover the tax bill; it provides necessary cash without the holder needing outside funds. Investors watch these sales because they increase trading volume and slightly reduce insider holdings, but they often reflect routine tax or cost management rather than a judgment on the company’s prospects.
tax withholding obligations financial
"mandated by the issuer's award agreement to satisfy tax withholding obligations by a sell-to-cover"
Rule 10b5-1 trading plan regulatory
"The transaction is affirmed as made under a Rule 10b5-1 trading plan."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
FAQ
What insider transaction did CVRX chief operating officer Brent Binkowski report?
Brent Binkowski reported selling 1,309 shares of CVRx common stock on August 12, 2026. The sale was a sell-to-cover transaction mandated to satisfy tax withholding obligations, not a discretionary open-market sale.
Was the CVRX COO’s August 12, 2026 stock sale under a Rule 10b5-1 plan?
Yes. The Form 4 for CVRx indicates the transaction was made under a Rule 10b5-1 trading plan. Such plans provide for pre-arranged trading, which can reduce the informational value of the transaction’s timing for outside observers.
AI-generated analysis. How Rhea-AI works. Not financial advice.