Director Lou Silverman has IMDX shares withheld for taxes (NASDAQ: IMDX)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Insight Molecular Diagnostics Inc. director Lou Silverman reported a routine tax-related share disposition. On July 1, 2026, 7,700 shares of common stock valued at $5.69 per share were withheld by the company to cover tax obligations from the vesting of 35,000 restricted stock units granted on July 1, 2025. The footnote clarifies that Silverman did not sell any shares in the market, and he now directly holds 55,807 shares after this withholding.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SILVERMAN LOU
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, no par value | 7,700 | $5.69 | $44K |
Holdings After Transaction:
Common Stock, no par value — 55,807 shares (Direct, null)
Footnotes (1)
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Key Figures
Tax-withheld shares: 7,700 shares
Per-share value for withholding: $5.69 per share
Shares held after transaction: 55,807 shares
+1 more
4 metrics
Tax-withheld shares
7,700 shares
Shares withheld to cover tax obligations on vesting RSUs on July 1, 2026
Per-share value for withholding
$5.69 per share
Value based on Nasdaq Capital Market price on vesting date
Shares held after transaction
55,807 shares
Direct IMDX common stock holdings after tax-withholding disposition
Vesting RSUs
35,000 units
Restricted stock units granted July 1, 2025 that vested July 1, 2026
Key Terms
restricted stock units, tax withholding obligations, Nasdaq Capital Market
3 terms
restricted stock units financial
"the vesting of 35,000 shares of restricted stock units granted to the reporting person"
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
"shares withheld by the Issuer to cover tax withholding obligations in connection with the vesting"
Nasdaq Capital Market market
"price per share on the date on which the shares vested as reported on the Nasdaq Capital Market"
The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.
FAQ
What did Insight Molecular (IMDX) director Lou Silverman report in this Form 4?
Lou Silverman reported that 7,700 IMDX shares were withheld to cover tax obligations from vesting restricted stock units. This was a non-market, tax-withholding disposition, not an open-market sale, and it adjusted his direct holdings without reflecting a discretionary trading decision.
What equity award caused the tax withholding for Lou Silverman at Insight Molecular (IMDX)?
The tax withholding arose from the vesting of 35,000 restricted stock units granted to Lou Silverman on July 1, 2025. When these units vested on July 1, 2026, the company withheld 7,700 shares to satisfy associated tax obligations instead of requiring a separate cash payment.
What type of transaction code was used in Lou Silverman’s IMDX Form 4?
The Form 4 uses transaction code “F,” indicating shares delivered or withheld to pay an exercise price or tax liability. Here, it specifically reflects shares withheld by the issuer for tax obligations on vesting restricted stock units, not a typical open-market sale transaction.