Finwise Bancorp (FINW) insider uses 1,995 shares for tax withholding
Rhea-AI Filing Summary
Finwise Bancorp insider Richard Thiessens reported a tax-withholding share disposition. On the reported date, 1,995 shares of common stock were delivered at $14.00 per share to satisfy tax obligations rather than sold in the open market. After this transaction, he directly holds 52,544 shares of Finwise Bancorp common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,995 shares
Net Sell
1 txn
Insider
Thiessens Richard
Role
Insider
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock, par value $0.001 per share | 1,995 | $14.00 | $28K |
Holdings After Transaction:
Common Stock, par value $0.001 per share — 52,544 shares (Direct)
Key Figures
Shares withheld for taxes: 1,995 shares
Tax-withholding price: $14.00 per share
Shares held after transaction: 52,544 shares
3 metrics
Shares withheld for taxes
1,995 shares
Tax-withholding disposition on reported transaction date
Tax-withholding price
$14.00 per share
Value used for tax-withholding disposition
Shares held after transaction
52,544 shares
Direct holdings following tax-withholding disposition
Key Terms
tax-withholding disposition, Payment of exercise price or tax liability by delivering securities, Common Stock, par value $0.001 per share
3 terms
tax-withholding disposition financial
"transaction_action: "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.
Payment of exercise price or tax liability by delivering securities financial
"transaction_code_description: "Payment of exercise price or tax liability by delivering securities""
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Richard Thiessens report at Finwise Bancorp (FINW)?
Richard Thiessens reported a tax-withholding disposition of 1,995 shares of Finwise Bancorp common stock. The shares were delivered at $14.00 each to satisfy tax obligations, rather than being sold in the open market.
Was the Finwise Bancorp (FINW) Form 4 transaction an open-market sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were used to pay tax liabilities at $14.00 per share, a routine mechanism when equity awards vest or are exercised.
What does transaction code F mean in the Finwise Bancorp (FINW) Form 4?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this Form 4, it reflects 1,995 shares of Finwise Bancorp common stock delivered at $14.00 per share for tax withholding.