INSG Form 4: CFO Withholds 4,114 Shares at $12.94 for RSU Taxes
Inspeego Corp. (INSG) Form 4: Steven Gatoff, Chief Financial Officer, reported a routine withholding transaction on 09/03/2025 related to an earlier restricted stock unit award.
Rhea-AI Filing Summary
Inspeego Corp. (INSG) Form 4: Steven Gatoff, Chief Financial Officer, reported a routine withholding transaction on 09/03/2025 related to an earlier restricted stock unit award. The filing shows 4,114 shares were disposed at a price of $12.94 to cover the reporting person’s tax liabilities from an RSU granted on 07/30/2024. After the withholding, the reporting person beneficially owns 177,995 shares. The RSU grant was previously disclosed on the reporting person’s Form 4 filed 08/01/2024. The form was filed by one reporting person and signed by an attorney-in-fact.
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Insights
TL;DR: Routine RSU tax-withholding; minor share reduction, no new purchases or sales beyond cover of taxes.
This Form 4 documents a common internal equity administration action where 4,114 shares were withheld at $12.94 to satisfy tax obligations tied to an RSU grant dated 07/30/2024. The transaction does not represent a voluntary sale or signal a change in insider sentiment. Beneficial ownership remains at 177,995 shares, and no derivative instruments are reported.
TL;DR: Administrative withholding for taxes on RSU award; disclosure consistent with Section 16 reporting requirements.
The form shows appropriate disclosure of a withholding event to cover tax liabilities from equity compensation previously granted and reported. The report was signed via attorney-in-fact and filed as a single-person Form 4. There are no indications of unusual timing or amounts that would raise governance concerns based on the disclosed facts.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 4,114 | $12.94 | $53K |
Footnotes (1)
- F1. Represents shares withheld to cover payment of the tax liabilities of the reporting person related to a restricted stock unit (RSU) award granted 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.
FAQ
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What transaction did Steven Gatoff report on Form 4 for INSG?
Was this Form 4 filed jointly or by a single reporting person?
Does the Form 4 report any option exercises or derivative transactions?
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