Green Dot (GDOT) COO has shares withheld to cover RSU tax obligations

Rhea-AI Filing Summary

Green Dot Corp's Chief Operations Officer Teresa Elaine Watkins reported two tax-related share dispositions involving Class A Common Stock. On March 21, 2026, 3,751 shares were withheld at $11.04 per share, and on March 23, 2026, 3,102 shares were withheld at $11.27 per share. These F-code transactions reflect shares withheld by the company to cover income tax obligations tied to RSU settlements and are not open-market sales by the executive. After the most recent withholding, Watkins directly holds 103,096 shares of Class A Common Stock.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Watkins Teresa Elaine

(Last) (First) (Middle)

1675 N. FREEDOM BLVD (200 WEST)

BUILDING 1

(Street)

PROVO UTAH 84604

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
GREEN DOT CORP [ GDOT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Operations Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/21/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	03/21/2026		F		3,751(1)	D	$11.04	106,198	D
Class A Common Stock	03/23/2026		F		3,102(2)	D	$11.27	103,096	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares of Class A Common Stock that have been withheld by the issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of the RSUs, based on a price of $11.04 per share, which represented the closing price of the issuer's Class A Common Stock on March 20, 2026, and does not represent a sale by the reporting person.

2. Represents shares of Class A Common Stock that have been withheld by the issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of the RSUs, based on a price of $11.27 per share, which represented the closing price of the issuer's Class A Common Stock on March 23, 2026, and does not represent a sale by the reporting person.

Remarks:

	/s/ Lina Davidian as attorney-in-fact for Teresa Watkins	03/24/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Green Dot (GDOT) executive Teresa Elaine Watkins report in this Form 4?

Teresa Elaine Watkins reported two F-code transactions where shares of Class A Common Stock were withheld to cover income tax obligations on RSU settlements. These are administrative tax-withholding dispositions, not open-market purchases or sales of Green Dot shares.

How many Green Dot (GDOT) shares were withheld for taxes in this Form 4?

A total of 6,853 Class A Common Stock shares were withheld to satisfy income tax and remittance obligations tied to RSU net settlements. The withholdings occurred in two transactions of 3,751 and 3,102 shares, as disclosed in the Form 4.

At what prices were the Green Dot (GDOT) tax-withholding shares valued?

The withheld shares were valued using closing market prices. One transaction used $11.04 per share, the closing price on March 20, 2026, and the other used $11.27 per share, the closing price on March 23, 2026, for the Class A Common Stock.

Does this Green Dot (GDOT) Form 4 indicate that the COO sold shares in the market?

No, the Form 4 specifies that the F-code transactions do not represent sales by Teresa Elaine Watkins. The shares were withheld by Green Dot solely to satisfy income tax withholding and remittance obligations associated with RSU net settlements.

How many Green Dot (GDOT) shares does Teresa Elaine Watkins hold after these transactions?

Following the March 23, 2026 tax-withholding disposition, Teresa Elaine Watkins directly holds 103,096 shares of Green Dot’s Class A Common Stock. This post-transaction balance reflects her remaining equity position after the company withheld shares to cover RSU-related tax obligations.

What does transaction code F mean in Green Dot (GDOT) insider filings?

Transaction code F indicates shares delivered or withheld to pay an exercise price or tax liability, often tied to equity awards like RSUs. In this case, it reflects Green Dot withholding shares from the COO for income tax and remittance obligations, not discretionary selling.