[Form 4] iRobot Corporation Insider Trading Activity
iRobot insider sale to cover tax withholding: Gary Cohen, who is listed as both a director and the company’s President & CEO, had 10,719 shares withheld by the issuer to satisfy tax withholding obligations tied to restricted stock unit vesting. The withholding is recorded as a disposition at an effective price of $3.24 per share, leaving the reporting person with 568,869 shares beneficially owned following the transaction. The form notes the withholding specifically as tax-related and contains no other types of transactions or derivative activity.
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Insights
TL;DR: Routine tax-withholding on vested RSUs; no new sales beyond withholding and no derivatives disclosed.
The filing documents a customary administrative disposition where the issuer withheld shares to satisfy tax obligations arising from vested restricted stock units. This is a standard practice that reduces the insider's reported share count by the withheld amount without representing an active open-market sale by the officer. The remaining beneficial ownership of 568,869 shares remains intact. There are no governance red flags, concurrent derivative exercises, or indications of unusual timing in the disclosed transaction.
TL;DR: Transaction is an administrative tax-withholding event tied to RSU vesting; impact on share count is modest.
The disposition of 10,719 shares at a recorded price of $3.24 reflects share withholding rather than an executed market sale by the officer. For compensation accounting, this reduces outstanding RSU-related obligations and records the tax obligation settlement. The net beneficial holding of 568,869 shares should be viewed in light of standard equity compensation mechanics; the filing does not disclose additional grants, exercises, or planned sales under a Rule 10b5-1 plan.