GoodRx (GDRX) Chief Accounting Officer exercises RSUs, shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GoodRx Holdings, Inc. Chief Accounting Officer Thomas Chan reported routine equity compensation activity involving restricted stock units that settled into Class A common stock. On June 15, 2026, he exercised RSUs representing 4,069 shares of Class A stock at a conversion price of $0.00 per share. To cover tax obligations, a total of 2,071 shares of Class A common stock were disposed of at approximately $2.65 per share through tax-withholding transactions, which are not open-market sales. The transactions reflect standard vesting and settlement of RSU awards rather than discretionary market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,069 shares exercised/converted
Mixed
6 txns
Insider
Chan Thomas (TC)
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 1,969 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 2,100 | $0.00 | -- |
| Exercise | Class A Common Stock | 1,969 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 1,002 | $2.65 | $3K |
| Exercise | Class A Common Stock | 2,100 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 1,069 | $2.65 | $3K |
Holdings After Transaction:
Restricted Stock Unit — 0 shares (Direct, null);
Class A Common Stock — 5,706 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Class A common stock. This restricted stock units award vests with respect to 1/16 of the award in quarterly installments on September 15, 2022 and on each quarterly anniversary thereafter, subject to the Reporting Person's continued service through each applicable vesting date. This restricted stock units award vests with respect to 1/16 of the award in quarterly installments on June 15, 2024 and on each quarterly anniversary thereafter, subject to the Reporting Person's continued service through each applicable vesting date.
Key Figures
RSU shares exercised: 4,069 shares
Shares withheld for taxes: 2,071 shares
Tax-withholding price: $2.65 per share
+3 more
6 metrics
RSU shares exercised
4,069 shares
Restricted stock units converting into Class A common stock on June 15, 2026
Shares withheld for taxes
2,071 shares
Tax-withholding dispositions of Class A common stock on June 15, 2026
Tax-withholding price
$2.65 per share
Price for F-code tax-withholding dispositions of Class A common stock
RSU conversion price
$0.00 per share
Stated conversion price for RSUs into Class A common stock
Exercise transactions count
2 transactions
M-code derivative exercises of RSUs on June 15, 2026
Tax-withholding transactions count
2 transactions
F-code tax-withholding dispositions on June 15, 2026
Key Terms
Restricted Stock Unit, tax-withholding disposition, derivative security, Class A Common Stock, +1 more
5 terms
Restricted Stock Unit financial
"Each restricted stock unit represents a contingent right to receive one share of Class A common stock."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities."
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.
derivative security financial
"Exercise or conversion of derivative security."
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Class A Common Stock financial
"Each restricted stock unit represents a contingent right to receive one share of Class A common stock."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
vesting financial
"Vests with respect to 1/16 of the award in quarterly installments on September 15, 2022 and on each quarterly anniversary thereafter."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What did GoodRx (GDRX) executive Thomas Chan report in this Form 4?
Thomas Chan reported RSU vesting that converted into Class A common stock and related tax-withholding transactions. The activity reflects routine equity compensation rather than open-market buying or selling of GoodRx shares.
Were any open-market purchases or sales of GoodRx (GDRX) stock reported?
No open-market purchases or sales were reported. The Form 4 only shows RSU exercises (code M) and related tax-withholding dispositions (code F), which are mechanistic transactions tied to vesting and tax obligations.
What role does Thomas Chan hold at GoodRx (GDRX)?
Thomas Chan serves as GoodRx’s Chief Accounting Officer. The reported Form 4 transactions relate to his equity compensation, specifically restricted stock units that vest over time subject to his continued service.