Longeveron CTO shares withheld for RSU taxes
Longeveron Inc. executive Devin Blass, CTO & SVP of CMC, reported a routine tax-withholding disposition related to equity compensation.
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Form Type
4
Rhea-AI Filing Summary
Longeveron Inc. executive Devin Blass, CTO & SVP of CMC, reported a routine tax-withholding disposition related to equity compensation. On the reported date, 15,808 shares of Class A Common Stock were withheld at $0.7291 per share to satisfy tax obligations from vesting restricted stock units. Following this non-market transaction, Blass holds 425,735 shares directly, which the footnotes state include RSUs subject to future vesting.
Insider Trade Summary
Exercise Price or Tax Liability: 15,808 shares
Exercise Price or Tax Liability
1 txn
Insider
Blass Devin
Role
CTO & SVP of CMC
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 15,808 | $0.7291 | $12K |
Holdings After Transaction:
Class A Common Stock — 425,735 shares (Direct)
Footnotes (2)
- F1. Shares withheld to satisfy tax obligations in connection with the vesting of a restricted stock unit (RSU) award.
- F2. Includes RSUs subject to future vesting.
Key Figures
Tax-withheld shares: 15,808 shares
Withholding price: $0.7291 per share
Post-transaction holdings: 425,735 shares
+1 more
4 metrics
Tax-withheld shares
15,808 shares
Shares withheld to satisfy tax obligations on RSU vesting
Withholding price
$0.7291 per share
Value per share for the tax-withholding disposition
Post-transaction holdings
425,735 shares
Direct Class A Common holdings after tax withholding, including RSUs
Tax-withholding transactions
1 transaction, 15,808 shares
Summary of F-code tax-withholding events in this filing
Key Terms
restricted stock unit (RSU), tax-withholding disposition, Class A Common Stock, Payment of exercise price or tax liability by delivering securities
4 terms
restricted stock unit (RSU) financial
"Shares withheld to satisfy tax obligations in connection with the vesting of a restricted stock unit (RSU) award."
A restricted stock unit (RSU) is a promise from a company to give an employee company shares (or cash equal to their value) at a future date if certain conditions are met, such as staying with the company or hitting performance targets. For investors, RSUs matter because when they convert into actual shares they increase the number of shares available and can create selling pressure as employees cash out—think of them as a future paycheck paid in company stock.
tax-withholding disposition financial
"transaction_action: tax-withholding disposition related to equity compensation."
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.
Class A Common Stock financial
"Shares of Class A Common Stock were withheld at $0.7291 per share."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
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 Longeveron (LGVN) report for Devin Blass?
Longeveron reported a tax-withholding disposition for CTO Devin Blass. The company withheld 15,808 Class A Common shares to cover taxes on vesting RSUs, rather than executing an open-market sale. This is a routine compensation-related adjustment, not a discretionary trade.
Does the Longeveron (LGVN) Form 4 show an open-market sale by Devin Blass?
The filing does not show an open-market sale by Devin Blass. Instead, it records shares withheld to satisfy tax obligations on vesting RSUs, coded as an F transaction, which reflects payment of taxes by delivering securities back to the issuer.
What does transaction code F mean in the Longeveron (LGVN) Form 4?
Transaction code F represents payment of an exercise price or tax liability by delivering securities. In this case, it indicates Longeveron withheld 15,808 shares from Devin Blass’s RSU vesting to cover taxes, rather than selling shares on the open market for cash.
Are Devin Blass’s remaining Longeveron (LGVN) holdings affected by future RSU vesting?
Yes, his reported 425,735-share position includes RSUs that will vest in the future. As these restricted stock units vest over time, additional tax-withholding transactions or share deliveries may occur, reflecting the ongoing realization of his equity compensation package.
AI-generated analysis. How Rhea-AI works. Not financial advice.
