Freenome CEO has 71,920 shares withheld for taxes
Freenome’s CEO had shares withheld to cover taxes on RSU vesting, leaving him with 345,976 directly held shares.
Rhea-AI Filing Summary
Freenome, Inc. (FRNM) reported that Chief Executive Officer and director Elliott Aaron Matthew had 71,920 shares of common stock withheld on September 2, 2026, at $15.25 per share to satisfy tax withholding obligations arising from the vesting of restricted stock units. After this tax-withholding disposition, he holds 345,976 shares of Freenome common stock directly. No Rule 10b5-1 trading plan is reported for this transaction.
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Insights
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Insider Trade Summary
Tax Withholding: 71,920 shares
Tax Withholding
1 txn
Insider
Elliott Aaron Matthew
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 71,920 | $15.25 | $1.10M |
Holdings After Transaction:
Common Stock — 345,976 shares (Direct)
Footnotes (1)
- F1. Represents shares withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock units.
Key Figures
Shares withheld for tax: 71,920 shares
Per-share value for withholding: $15.25 per share
Shares held after transaction: 345,976 shares
+1 more
4 metrics
Shares withheld for tax
71,920 shares
Common stock withheld September 2, 2026 to satisfy tax withholding obligations on RSU vesting
Per-share value for withholding
$15.25 per share
Valuation used for the 71,920 withheld shares on September 2, 2026
Shares held after transaction
345,976 shares
Direct Freenome common stock holdings of CEO Elliott Aaron Matthew after the Form 4 transaction
Transactions for tax liability
1 transaction, 71,920 shares
Code F disposition reported as payment of tax liability by delivering or withholding securities
Key Terms
restricted stock units, tax withholding obligations, Form 4
3 terms
restricted stock units financial
"in connection with the vesting of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"to satisfy tax withholding obligations in connection with the vesting"
Form 4 regulatory
"The Form 4 states that 71,920 shares were withheld by Freenome"
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 Freenome (FRNM) report for its CEO?
Freenome reported that CEO Elliott Aaron Matthew had 71,920 shares of common stock withheld on September 2, 2026, to satisfy tax withholding obligations related to restricted stock unit vesting, a non-market disposition rather than an open-market sale.
Was the Freenome (FRNM) CEO’s September 2026 transaction an open-market sale?
No. The Form 4 states that 71,920 shares were withheld by Freenome to satisfy tax withholding obligations from restricted stock unit vesting, rather than being sold in the open market.
Was Freenome (FRNM) CEO’s Form 4 transaction under a Rule 10b5-1 plan?
No. The Form 4 indicates that the Rule 10b5-1 checkbox is not marked, so no Rule 10b5-1 trading plan is reported in connection with this tax-withholding transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.