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Orchestra BioMed Director's Trust Sells Shares to Cover Tax Obligations

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Orchestra BioMed Holdings Director Eric S. Fain has filed a Form 144 notice for the proposed sale of 2,683 shares of common stock through Fidelity Brokerage Services, with an aggregate market value of $8,194.15.

Key details of the transaction:

  • The shares were acquired on June 25, 2025, through restricted stock vesting as compensation
  • The sale is planned for June 26, 2025, on NASDAQ
  • The sale is being conducted to cover tax obligations from a vested equity award distribution
  • The transaction will be executed through the Fain Living Trust, where Eric S. Fain serves as trustee

The filing indicates that the seller has no knowledge of undisclosed material adverse information regarding Orchestra BioMed's operations. The company currently has 38,312,512 shares outstanding.

Positive

  • None.

Negative

  • None.

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

FAQ

How many shares of OBIO stock is Director Eric Fain selling on June 26, 2025?

According to the Form 144 filing, Director Eric Fain is selling 2,683 shares of OBIO common stock through Fidelity Brokerage Services LLC, with an aggregate market value of $8,194.15.

What is the reason for Eric Fain's OBIO stock sale in June 2025?

The Form 144 filing indicates that the sale is to cover a tax obligation resulting from the settlement of a vested equity award distribution. The shares were acquired through Restricted Stock Vesting on June 25, 2025, as part of compensation.

What is the total number of OBIO shares outstanding as of June 2025?

According to the Form 144 filing, Orchestra BioMed Holdings, Inc. (OBIO) has 38,312,512 shares outstanding as of the filing date.

Has OBIO Director Eric Fain sold any other shares in the past 3 months?

No, according to the Form 144 filing section 'Securities Sold During The Past 3 Months,' there were no other sales reported by Eric Fain during this period.

Through which trust account is Eric Fain selling OBIO shares?

According to the remarks section of the Form 144 filing, the sale is occurring through the Fain Living Trust account, of which Eric S. Fain is a trustee.
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Biotechnology
Surgical & Medical Instruments & Apparatus
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United States
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