Heron CFO exercises RSUs, withholds shares for tax
Heron Therapeutics EVP and CFO Ira Duarte reported routine equity compensation activity.
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Form Type
4
Rhea-AI Filing Summary
Heron Therapeutics EVP and CFO Ira Duarte reported routine equity compensation activity. On June 16, 2026, Duarte exercised 12,500 restricted stock units, converting them into common shares at $0.00 per share. To cover tax obligations, 3,555 common shares were disposed of at $0.38 per share. Following these transactions, Duarte directly holds 261,073 shares of common stock and 12,500 restricted stock units, reflecting a compensation-driven change rather than an open-market trade.
Insider Trade Summary
12,500 shares exercised/converted
Exercise
3 txns
Insider
Duarte Ira
Role
EVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 12,500 | $0.00 | $0.00 |
| Exercise | Common Stock | 12,500 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 3,555 | $0.38 | $1K |
Holdings After Transaction:
Restricted Stock Units — 12,500 contracts (Direct);
Common Stock — 261,073 shares (Direct)
Footnotes (2)
- F1. Each restricted stock unit represents a contingent right to receive one share of common stock.
- F2. The restricted stock units vest in four equal annual installments beginning one year after the date of grant, subject to the Reporting Person's continued service to the Issuer through the vesting date.
Key Figures
Tax-withheld shares: 3,555 shares at $0.38
RSUs exercised: 12,500 units at $0.00
Common shares after exercise: 264,628 shares
+1 more
4 metrics
Tax-withheld shares
3,555 shares at $0.38
Common stock disposed to cover tax liability on Jun. 16, 2026
RSUs exercised
12,500 units at $0.00
Restricted stock units converted into common stock on Jun. 16, 2026
Common shares after exercise
264,628 shares
Direct common stock holdings following reported transactions
RSUs outstanding
12,500 units
Restricted stock units remaining after transactions
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative security
3 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of common stock."
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 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Heron Therapeutics (HRTX) report for its CFO?
Heron Therapeutics reported that EVP and CFO Ira Duarte exercised 12,500 restricted stock units into common stock and had 3,555 shares withheld to cover taxes. These are routine compensation-related transactions, not open-market share purchases or sales.
Were the Heron Therapeutics (HRTX) insider transactions open-market buys or sells?
The reported transactions were not open-market trades. They included exercising 12,500 restricted stock units at a zero exercise price and a tax-withholding disposition of 3,555 shares at $0.38 per share to satisfy related tax obligations.
What does the tax-withholding disposition on the Heron Therapeutics (HRTX) Form 4 mean?
The tax-withholding disposition shows 3,555 Heron Therapeutics shares delivered at $0.38 per share to cover tax liabilities from equity vesting. This mechanism pays required taxes and is treated differently from a voluntary open-market sale of shares.
How do the restricted stock units reported for Heron Therapeutics (HRTX) CFO vest?
Each restricted stock unit represents a right to receive one Heron Therapeutics common share. The RSUs vest in four equal annual installments, beginning one year after the grant date, provided the executive continues serving the company through each vesting date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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