Longeveron (NASDAQ: LGVN) CTO reports RSU tax-withholding of 8,633 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Longeveron Inc. executive Devin Blass, CTO & SVP of CMC, reported a routine share disposition related to taxes rather than an open-market trade. On the vesting of a restricted stock unit award, 8,633 shares of Class A Common Stock were withheld at $1.12 per share to satisfy tax obligations. After this tax-withholding event, Blass directly holds 191,543 shares of Class A Common Stock, including RSUs that remain subject to future vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Blass Devin
Role
CTO & SVP of CMC
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 8,633 | $1.12 | $10K |
Holdings After Transaction:
Class A Common Stock — 191,543 shares (Direct)
Footnotes (1)
- Shares withheld to satisfy tax obligations in connection with the vesting of a restricted stock unit (RSU) award. Includes RSUs subject to future vesting.
Key Figures
Shares withheld for taxes: 8,633 shares
Withholding price per share: $1.12 per share
Shares held after transaction: 191,543 shares
3 metrics
Shares withheld for taxes
8,633 shares
Tax-withholding disposition on RSU vesting
Withholding price per share
$1.12 per share
Value used for tax-withholding shares
Shares held after transaction
191,543 shares
Direct Class A Common holdings following tax withholding
Key Terms
restricted stock unit (RSU), tax-withholding disposition, Class A Common Stock
3 terms
restricted stock unit (RSU) financial
"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" for 8,633 shares"
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
"security_title: "Class A Common Stock""
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.
FAQ
What did Longeveron (LGVN) executive Devin Blass report in this Form 4?
Devin Blass reported a tax-related share disposition, not an open-market trade. Longeveron withheld 8,633 Class A Common shares at $1.12 each to cover tax obligations from vesting restricted stock units, a routine compensation-related event.
What does the F transaction code mean in the Longeveron (LGVN) Form 4?
The F code indicates a tax-withholding disposition. In this Longeveron Form 4, 8,633 shares were delivered back to the issuer to pay tax liabilities arising from restricted stock unit vesting rather than being sold in the open market.