GETY Form 4: Nathaniel Gandert Sells 4,199 Shares Under 10b5-1 Plan
Rhea-AI Filing Summary
Nathaniel Gandert, Chief Technology Officer of Getty Images Holdings, Inc. (GETY), reported a sale of 4,199 shares of Class A common stock on 09/24/2025 to satisfy mandatory tax withholding tied to vested restricted stock units and performance restricted stock units. The sales were executed under instructions of a Rule 10b5-1 trading plan adopted in award agreements dated March 16, 2023. The transaction consisted of multiple trades at prices ranging from $1.97 to $2.15, with a weighted average sale price of $2.03. Following the reported sale, the reporting person beneficially owned 550,939 shares. The Form 4 was signed by an attorney-in-fact and filed within the report.
Positive
- Transaction executed under a Rule 10b5-1 plan, indicating pre-established, non-discretionary instructions
- Transparent reporting including weighted average price and price range for the multiple trades
- Reporting person retains substantial ownership after the sale (550,939 shares)
Negative
- Decrease in direct holdings by 4,199 shares due to the sale
Insights
TL;DR: Routine tax-withholding sale under a 10b5-1 plan; modest share reduction, no new issuance or option exercise reported.
The Form 4 documents a non-discretionary sale of 4,199 shares to cover mandatory tax withholding from vested RSUs and PRSUs, executed under a 10b5-1 plan tied to award agreements dated March 16, 2023. The weighted average sale price was $2.03, with trade prices between $1.97 and $2.15. The reporting person retains 550,939 shares after the transaction, indicating continued meaningful ownership. This disclosure aligns with routine insider reporting requirements and does not by itself indicate a change in company operating performance.
TL;DR: Disclosure shows compliance with insider trading policies and use of a pre-established 10b5-1 plan for tax-related sales.
The filing explicitly states the sales were non-discretionary and effected pursuant to Rule 10b5-1 trading plan instructions adopted in connection with award agreements. The filer also offers to provide details of individual trade prices and quantities upon request, and the Form 4 was executed by an attorney-in-fact, demonstrating procedural adherence. This is a routine governance disclosure rather than a material corporate action.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 4,199 | $2.03 | $9K |
Footnotes (1)
- The non-discretionary sales to cover mandatory tax withholding obligations in connection with the vesting and settlement of restricted stock units and performance restricted stock units reported in this Form 4 were effected pursuant to Rule 10b5-1 trading plan instructions adopted in connection by the Reporting Person in award agreements, dated March 16, 2023, for the respective equity grants. This transaction was executed in multiple trades at prices ranging from $1.97 to $2.15. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.
