Inuvo CFO exercises 7,500 RSUs, nets 126,367 shares
Inuvo, Inc.'s CFO Wallace D. Ruiz exercised restricted stock units into common shares and had part of the award withheld for taxes.
Rhea-AI Filing Summary
Inuvo, Inc.'s CFO Wallace D. Ruiz exercised restricted stock units into common shares and had part of the award withheld for taxes. On the transaction date, 7,500 restricted stock units converted into 7,500 shares of common stock. Of these, 3,739 shares were withheld at a price of $2.14 per share to satisfy tax obligations. After these compensation-related transactions, Ruiz directly held 126,367 shares of Inuvo common stock. The affected restricted stock units vest in three equal annual installments, and the figures are adjusted for a previously completed 1-for-10 reverse stock split.
Positive
- None.
Negative
- None.
Insider Trade Summary
7,500 shares exercised/converted
Exercise
3 txns
Insider
RUIZ WALLACE D
Role
CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 7,500 | $0.00 | $0.00 |
| Exercise | Common Stock | 7,500 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 3,739 | $2.14 | $8K |
Holdings After Transaction:
Restricted Stock Unit — 0 contracts (Direct);
Common Stock — 126,367 shares (Direct)
Footnotes (3)
- F1. Each restricted stock unit represents a contingent right to receive one share of Issuer's Common Stock.
- F2. The restricted stock units become vested 33.33% per year beginning on the first anniversary of the date of grant.
- F3. Adjusted to reflect a 1-for-10 reverse stock split that occurred on June 10, 2025.
Key Figures
RSUs exercised: 7,500 units
Shares issued: 7,500 shares
Shares withheld for tax: 3,739 shares
+3 more
6 metrics
RSUs exercised
7,500 units
Restricted stock units converting into common stock on exercise date
Shares issued
7,500 shares
Common stock received from RSU conversion
Shares withheld for tax
3,739 shares
Withheld at $2.14 per share to satisfy tax liabilities
Tax withholding price
$2.14/share
Value used for 3,739 withheld shares
Shares held after transaction
126,367 shares
Direct holdings of Inuvo common stock by CFO post-transaction
Reverse stock split ratio
1-for-10
Adjustment applied effective June 10, 2025
Key Terms
Restricted Stock Unit, tax-withholding disposition, reverse stock split
3 terms
Restricted Stock Unit financial
"Each restricted stock unit represents a contingent right to receive one share of Issuer's Common Stock."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
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.
reverse stock split financial
"Adjusted to reflect a 1-for-10 reverse stock split that occurred on June 10, 2025."
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
FAQ
What insider transactions did Inuvo (INUV) report for CFO Wallace D. Ruiz?
Inuvo reported that CFO Wallace D. Ruiz exercised 7,500 restricted stock units into 7,500 common shares. Of these, 3,739 shares were withheld at $2.14 per share to cover tax obligations, leaving him with 126,367 directly held common shares.
What is the size of the restricted stock unit award exercised by Inuvo’s CFO?
The restricted stock unit award exercised by Inuvo’s CFO covered 7,500 units, each representing one share of common stock. These units converted into 7,500 common shares on the transaction date and were part of a grant vesting in three equal annual installments.
How were taxes handled in the Inuvo (INUV) CFO’s restricted stock unit exercise?
Taxes were handled through share withholding. Of the 7,500 common shares issued upon restricted stock unit conversion, 3,739 shares were withheld at $2.14 per share to satisfy tax liabilities, rather than being sold into the open market for cash.
Were Inuvo (INUV) insider holdings adjusted for a reverse stock split?
Yes. The footnotes state the figures were adjusted for a 1-for-10 reverse stock split that occurred on June 10, 2025. This adjustment applies to the restricted stock units and related share counts reported for the CFO’s compensation award.
AI-generated analysis. How Rhea-AI works. Not financial advice.
