IRIDEX CEO uses shares to cover tax liability
IRIDEX CORP President and CEO Patrick Mercer reported a tax-related share disposition on Common Stock.
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Form Type
4
Rhea-AI Filing Summary
IRIDEX CORP President and CEO Patrick Mercer reported a tax-related share disposition on Common Stock. On this Form 4, 19,233 shares were delivered at $1.01 per share to cover tax obligations, and he now directly holds 372,774 shares of Common Stock.
Insider Trade Summary
Exercise Price or Tax Liability: 19,233 shares
Exercise Price or Tax Liability
1 txn
Insider
Mercer Patrick
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 19,233 | $1.01 | $19K |
Holdings After Transaction:
Common Stock — 372,774 shares (Direct)
Key Figures
Tax-withholding shares: 19,233 shares
Price per share: $1.01 per share
Shares after transaction: 372,774 shares
+2 more
5 metrics
Tax-withholding shares
19,233 shares
Common Stock delivered for tax obligations
Price per share
$1.01 per share
Value used for tax-withholding disposition
Shares after transaction
372,774 shares
Direct holdings following disposition
Tax-withholding transactions
1 transaction
Count of F-code tax-withholding events
Tax-withholding shares total
19,233 shares
Total shares used for tax withholding in this filing
Key Terms
tax-withholding disposition, Payment of exercise price or tax liability by delivering securities, Common Stock
3 terms
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
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.
Payment of exercise price or tax liability by delivering securities financial
"transaction_code_description: "Payment of exercise price or tax liability by delivering securities""
Common Stock financial
"security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did IRIDEX (IRIX) CEO Patrick Mercer report in this Form 4?
Patrick Mercer reported a tax-withholding disposition of IRIDEX Common Stock. He delivered 19,233 shares at $1.01 per share to satisfy tax obligations and now directly holds 372,774 shares following this non-open-market transaction.
Is Patrick Mercer’s IRIDEX (IRIX) Form 4 transaction an open-market sale?
No, the transaction is a tax-withholding disposition, not an open-market sale. The Form 4 code F indicates shares were delivered to pay taxes or exercise costs rather than sold into the open market.
What does transaction code F mean in the IRIDEX (IRIX) Form 4?
Transaction code F signifies a payment of exercise price or tax liability by delivering securities. In this IRIDEX Form 4, it shows Patrick Mercer delivered shares to satisfy tax obligations rather than conducting a typical market purchase or sale.
Does the IRIDEX (IRIX) Form 4 show any stock purchases or sales by Patrick Mercer?
The Form 4 shows no open-market buys or sells by Patrick Mercer. It reports only a tax-withholding disposition of 19,233 shares, which is a non-market mechanism to cover tax or exercise-related liabilities.
AI-generated analysis. How Rhea-AI works. Not financial advice.
