Finwise Bancorp (FINW) CFO has shares withheld to cover tax liability
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Finwise Bancorp EVP and CFO Robert E. Wahlman reported a small, routine tax-related share disposition. On May 28, 2026, 3,067 shares of common stock were delivered at $14.24 per share to satisfy a tax liability, classified as a tax-withholding disposition rather than an open-market sale. Following this transaction, Wahlman directly holds 54,086 shares of Finwise Bancorp common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Wahlman Robert E.
Role
EVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, par value $0.001 per share | 3,067 | $14.24 | $44K |
Holdings After Transaction:
Common Stock, par value $0.001 per share — 54,086 shares (Direct, null)
Footnotes (1)
Key Figures
Tax-withheld shares: 3,067 shares
Price per share: $14.24 per share
Shares held after transaction: 54,086 shares
3 metrics
Tax-withheld shares
3,067 shares
Delivered on May 28, 2026 to satisfy tax liability
Price per share
$14.24 per share
Value used for 3,067-share tax-withholding disposition
Shares held after transaction
54,086 shares
Direct ownership by CFO after 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""
FAQ
What insider transaction did Finwise Bancorp (FINW) report for CFO Robert Wahlman?
Finwise Bancorp reported that CFO Robert Wahlman had 3,067 common shares withheld to cover a tax liability. The transaction was recorded as a tax-withholding disposition, not an open-market trade, and reflects a routine administrative action on existing equity compensation.
What does a tax-withholding disposition mean in the Finwise Bancorp (FINW) Form 4?
A tax-withholding disposition means shares are delivered to satisfy tax obligations tied to equity awards. In this case, 3,067 Finwise Bancorp shares were used for taxes, so the event is administrative in nature, not an open-market purchase or sale by the executive.