IRIDEX CEO reports tax-withholding share disposition
IRIDEX CORP President and CEO Patrick Mercer reported a tax-withholding disposition of 3,990 shares of Common Stock at $1.12 per share.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
IRIDEX CORP President and CEO Patrick Mercer reported a tax-withholding disposition of 3,990 shares of Common Stock at $1.12 per share. This transaction satisfied tax obligations by delivering shares rather than through an open-market sale. After the transaction, he directly holds 368,784 shares.
Insider Trade Summary
Exercise Price or Tax Liability: 3,990 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 | 3,990 | $1.12 | $4K |
Holdings After Transaction:
Common Stock — 368,784 shares (Direct)
Key Figures
Shares delivered for tax withholding: 3,990 shares
Reference price per share: $1.12 per share
Shares held after transaction: 368,784 shares
+1 more
4 metrics
Shares delivered for tax withholding
3,990 shares
Tax-withholding disposition of Common Stock
Reference price per share
$1.12 per share
Value used for the 3,990-share tax-withholding disposition
Shares held after transaction
368,784 shares
Direct Common Stock holdings following the disposition
Tax-withholding share count (summary)
3,990 shares
taxWithholdingShares in transaction summary
Key Terms
tax-withholding disposition, Common Stock, Form 4, payment of exercise price or tax liability by delivering securities
4 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.
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.
Form 4 financial
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
payment of exercise price or tax liability by delivering securities financial
"transaction_code_description: "Payment of exercise price or tax liability by delivering securities""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did IRIDEX (IRIX) CEO Patrick Mercer report?
Patrick Mercer reported a tax-withholding disposition of 3,990 IRIDEX common shares at $1.12 each. These shares were delivered to cover tax obligations, and not sold in the open market, leaving him with 368,784 shares directly held afterward.
Was the IRIDEX (IRIX) CEO Form 4 transaction an open-market sale?
No, the transaction was a tax-withholding disposition coded "F," meaning shares were delivered to cover tax liabilities. It did not represent an open-market sale, but rather a routine mechanism related to equity compensation and associated taxes.
What does transaction code "F" mean in the IRIDEX (IRIX) Form 4 filing?
Transaction code "F" indicates payment of an exercise price or tax liability by delivering securities. In this case, 3,990 IRIDEX common shares were surrendered to cover tax obligations, distinguishing the event from a discretionary open-market purchase or sale.
AI-generated analysis. How Rhea-AI works. Not financial advice.
