Health Catalyst officer covers taxes with 8,519 shares
Health Catalyst, Inc. Chief People Officer Linda Llewelyn reported a routine share disposition tied to taxes on vested equity.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Health Catalyst, Inc. Chief People Officer Linda Llewelyn reported a routine share disposition tied to taxes on vested equity. On the transaction date, 8,519 shares of common stock were used in a mandated "sell to cover" transaction at an average price of $1.3702 per share to satisfy tax withholding obligations from vested restricted stock units. This was required under the company’s equity incentive plans and is described as a non-discretionary transaction rather than an open-market sale. After this event, Llewelyn directly held 321,132 shares of Health Catalyst common stock.
Insider Trade Summary
Exercise Price or Tax Liability: 8,519 shares
Exercise Price or Tax Liability
1 txn
Insider
Llewelyn Linda
Role
Chief People Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 8,519 | $1.3702 | $12K |
Holdings After Transaction:
Common Stock — 321,132 shares (Direct)
Footnotes (1)
- F1. Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of Issuer's Restricted Stock Units. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
Key Figures
Tax-withholding shares: 8,519 shares
Average price per share: $1.3702 per share
Post-transaction holdings: 321,132 shares
+1 more
4 metrics
Tax-withholding shares
8,519 shares
Shares used in sell-to-cover transaction
Average price per share
$1.3702 per share
Price for tax-withholding disposition
Post-transaction holdings
321,132 shares
Directly held after transaction
Tax-withholding transactions
1 transaction, 8,519 shares
Summary of F-code activity
Key Terms
Restricted Stock Units, sell to cover, equity incentive plans, tax withholding obligations, +1 more
5 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.
sell to cover financial
"to be 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.
equity incentive plans financial
"mandated by the Issuer's election under its equity incentive plans to require"
Equity incentive plans are company programs that pay employees, executives, or directors with company stock, stock options, or share units instead of or in addition to cash, aiming to align their interests with shareholders—like giving team members a stake in the house they help build. For investors this matters because such plans can motivate better company performance but also dilute existing ownership and increase reported compensation costs, so they affect future earnings, voting power, and share value.
tax withholding obligations financial
"to cover tax withholding obligations in connection with the vesting"
Form 4 regulatory
"Health Catalyst, Inc. Chief People Officer Linda Llewelyn reported a routine share disposition"
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Health Catalyst (HCAT) report for Linda Llewelyn?
Health Catalyst reported that Chief People Officer Linda Llewelyn used 8,519 common shares to cover tax withholding on vested restricted stock units. The transaction was recorded as a mandatory sell-to-cover event under the company’s equity incentive plans, not a discretionary market trade.
Was Linda Llewelyn’s Health Catalyst (HCAT) transaction an open-market sale?
No, the filing states the shares were sold solely to cover tax withholding obligations from restricted stock unit vesting. The company’s equity incentive plans mandated a sell-to-cover structure, and the filing notes this does not represent a discretionary trade by the reporting person.
What does the F transaction code mean in Health Catalyst (HCAT) insider filings?
In this Form 4, the F code indicates a tax-withholding disposition, where shares are delivered to satisfy tax obligations or exercise price. The filing explains the company required a sell-to-cover transaction for restricted stock unit vesting, rather than an elective market sale by the insider.
AI-generated analysis. How Rhea-AI works. Not financial advice.
