LENSAR (LNSR) CEO reports Form 4 update with 992,096 shares unchanged
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LENSAR, Inc. director and Chief Executive Officer Nicholas T. Curtis reported an administrative change in his share record related to vested restricted stock units. Mr. Curtis paid cash to cover associated tax withholding, so no shares were transferred and his direct holdings remained at 992,096 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
CURTIS NICHOLAS T
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 0 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 992,096 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares transacted: 0 shares
Price per share: $0.00 per share
Holdings after transaction: 992,096 shares
3 metrics
Shares transacted
0 shares
Form 4 “other” transaction coded J
Price per share
$0.00 per share
Recorded for the J-code transaction
Holdings after transaction
992,096 shares
Common stock directly owned after Form 4 event
Key Terms
restricted stock units, tax withholding obligations, Form 4, Other acquisition or disposition, +1 more
5 terms
restricted stock units financial
"vesting of restricted stock units previously granted"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"paid cash to satisfy tax withholding obligations incident to vesting"
Form 4 regulatory
"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.
Other acquisition or disposition financial
"transaction_code_description": "Other acquisition or disposition"
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
What insider transaction did LENSAR (LNSR) CEO Nicholas T. Curtis report?
Nicholas T. Curtis reported an administrative Form 4 transaction classified as “other.” It reflects handling of tax obligations from vested restricted stock units, with no change in the number of LENSAR common shares he directly owns after the event.
Why is the LENSAR (LNSR) Form 4 transaction coded as “J”?
The transaction uses code “J,” described as “Other acquisition or disposition.” Here it relates to settling tax withholding on previously granted restricted stock units. Because cash covered the taxes, there was no actual share acquisition or sale recorded in the filing.
What does the tax withholding footnote mean in the LENSAR (LNSR) Form 4?
The footnote states Mr. Curtis paid cash to satisfy tax withholding from vesting restricted stock units. This means the tax liability from the vesting event was covered out-of-pocket, so the number of LENSAR common shares he reports owning stayed exactly the same.