Inseego CFO reports tax share withholding event
Rhea-AI Filing Summary
INSEEGO CORP. Chief Financial Officer Steven Gatoff reported a tax-withholding disposition of 3,872 shares of common stock on July 15, 2026 at $7.86 per share, used to cover tax liabilities from vesting of a previously granted RSU award. Following this event, he holds 222,517 shares directly.
The footnote explains that the RSU award granted on July 30, 2024 now follows a quarterly vesting schedule that includes a 7.5% acceleration of vesting compared with the original monthly structure.
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Insider Trade Summary
Tax Withholding: 3,872 shares
Tax Withholding
1 txn
Insider
Gatoff Steven
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 3,872 | $7.86 | $30K |
Holdings After Transaction:
Common Stock — 222,517 shares (Direct)
Footnotes (1)
- F1. Represents shares withheld to cover payment of the tax liabilities of the reporting person related to the vesting of shares from a restricted stock unit (RSU) award that was granted on 7/30/2024. The grant of the RSU was previously reported in Table I of reporting person's Form 4 filed on 8/1/2024. The vesting schedule for the award was sub-sequently modified from an initial structure of monthly vesting over four years (with one-fourth vesting on the first anniversary of the grant date and 1/48th vesting month-ly thereafter) to a quarterly vesting schedule, including a 7.5% acceleration of vesting.
Key Figures
Shares withheld for taxes: 3,872 shares
Withholding price per share: $7.86
Shares held after transaction: 222,517 shares
+3 more
6 metrics
Shares withheld for taxes
3,872 shares
Common stock withheld in tax-withholding disposition on July 15, 2026
Withholding price per share
$7.86
Per-share value used for the 3,872-share tax-withholding event
Shares held after transaction
222,517 shares
Direct common stock ownership by Steven Gatoff following the disposition
Tax-withholding transactions
1
Number of tax-withholding dispositions (code F) reported in this Form 4
RSU grant date
July 30, 2024
Date of the RSU award whose vesting triggered the tax-withholding
Acceleration of vesting
7.5%
Acceleration included in the modified quarterly vesting schedule of the RSU award
Key Terms
restricted stock unit (RSU), tax-withholding disposition, vesting schedule, quarterly vesting
4 terms
restricted stock unit (RSU) financial
"Represents shares withheld to cover payment of the tax liabilities ... related to the vesting of shares from a restricted stock unit (RSU) award"
A restricted stock unit (RSU) is a promise from a company to give an employee company shares (or cash equal to their value) at a future date if certain conditions are met, such as staying with the company or hitting performance targets. For investors, RSUs matter because when they convert into actual shares they increase the number of shares available and can create selling pressure as employees cash out—think of them as a future paycheck paid in company stock.
tax-withholding disposition financial
"transaction_action: tax-withholding disposition for shares delivered to cover tax liabilities"
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.
vesting schedule financial
"The vesting schedule for the award was sub-sequently modified from an initial structure"
A vesting schedule is a timeline that determines when someone gains full ownership of certain benefits, such as company stock or retirement contributions. Think of it like earning the right to own a gift gradually over time, rather than receiving it all at once. It matters to investors because it affects when they can fully access or sell these benefits, influencing their financial planning and decision-making.
quarterly vesting financial
"modified from an initial structure of monthly vesting over four years ... to a quarterly vesting schedule"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did INSEEGO CORP. (INSG) report for CFO Steven Gatoff?
INSEEGO CORP. reported that CFO Steven Gatoff had 3,872 common shares withheld to cover taxes on RSU vesting. The Form 4 classifies this as a tax-withholding disposition, not an open-market purchase or sale of stock.
What RSU grant is involved in the INSEEGO (INSG) tax-withholding event?
The tax-withholding event relates to a restricted stock unit (RSU) award granted on July 30, 2024. The Form 4 notes this grant was previously reported and that its vesting schedule has been modified to a quarterly structure with 7.5% acceleration.
How was the vesting schedule changed for the INSG RSU award referenced in the Form 4?
The RSU award’s vesting schedule changed from monthly vesting over four years to a quarterly vesting schedule. The footnote states this new structure includes a 7.5% acceleration of vesting compared with the initial arrangement.
AI-generated analysis. How Rhea-AI works. Not financial advice.