Health Catalyst (HCAT) CEO uses 34,485 shares to cover RSU tax bill
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Health Catalyst, Inc. CEO Albert Benjamin reported a mandated tax-related share disposition. On June 10, 2026, 34,485 shares of common stock were used to cover tax withholding obligations tied to vesting of restricted stock units at an average price of $1.6918 per share. After this non-discretionary “sell to cover” transaction, he held 1,423,971 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Albert Benjamin
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 34,485 | $1.6918 | $58K |
Holdings After Transaction:
Common Stock — 1,423,971 shares (Direct, null)
Footnotes (1)
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Key Figures
Tax-withholding shares: 34,485 shares
Average disposition price: $1.6918 per share
Shares held after transaction: 1,423,971 shares
3 metrics
Tax-withholding shares
34,485 shares
Common stock used to cover tax obligations from RSU vesting
Average disposition price
$1.6918 per share
Price for tax-withholding disposition on June 10, 2026
Shares held after transaction
1,423,971 shares
CEO’s direct common stock holdings following tax-withholding event
Key Terms
Restricted Stock Units, tax withholding obligations, sell to cover
3 terms
Restricted Stock Units financial
"in connection with the vesting of Issuer's 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 cover tax withholding obligations in connection with the vesting"
sell to cover financial
"funded by a "sell to cover" transaction and does not represent"
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
FAQ
What insider transaction did Health Catalyst (HCAT) report for CEO Albert Benjamin?
Health Catalyst CEO Albert Benjamin reported a tax-related share disposition. 34,485 common shares were used to cover tax withholding obligations from vesting restricted stock units, under a mandated “sell to cover” arrangement, rather than a discretionary open-market sale.
Was the Health Catalyst (HCAT) CEO’s Form 4 transaction a discretionary stock sale?
No, the CEO’s transaction was not discretionary. The footnote explains the shares were required to be sold to cover tax withholding obligations under the company’s equity incentive plans, as a mandated “sell to cover” transaction.