Orchestra BioMed CEO has 6,566 shares withheld
OBIO’s CEO reported share withholding for RSU tax obligations, with no market sales and substantial direct and trust holdings remaining.
Rhea-AI Filing Summary
Orchestra BioMed Holdings, Inc. (OBIO) reported that Chief Executive Officer and Chairperson David P. Hochman had 6,566 shares of Common Stock withheld on September 10, 2026 to satisfy tax withholding obligations upon vesting of restricted stock units. According to the disclosure, no shares were sold in the market in connection with this event.
After these tax-withholding transactions, Hochman held 1,067,463 shares directly and 432,916 shares indirectly through the DPH 2008 Trust, as well as additional indirect holdings through several family trusts. No Rule 10b5-1 trading plan is reported for these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Tax Withholding: 6,566 shares
Tax Withholding
6 txns
Insider
Hochman David P
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, par value $0.0001 per share ("Common Stock") F1 | 3,283 | $5.81 | $19K |
| Tax Withholding | Common Stock F1 | 3,283 | $5.81 | $19K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.0001 per share ("Common Stock") — 1,067,463 shares (Direct);
Common Stock — 432,916 shares (Indirect, By the DPH 2008 Trust);
Common Stock — 2,000 shares (Indirect, By the Solomon Ascher Hochman 2019 Trust);
Common Stock — 2,000 shares (Indirect, By the Hannah Hochman 2019 Trust);
Common Stock — 2,000 shares (Indirect, By the Judah Herman Hochman 2019 Trust);
Common Stock — 3,140 shares (Indirect, By the NSH 2008 Family Trust)
Footnotes (1)
- F1. Represents the withholding of shares by the Issuer to satisfy tax withholding obligations in connection with vesting of restricted stock units ("RSUs"). No shares were sold in the market as a result of the vesting of these RSUs and the satisfaction of tax withholding obligations.
Key Figures
Shares withheld for tax obligations: 6,566 shares
Direct shares withheld: 3,283 shares
Indirect shares withheld (DPH 2008 Trust): 3,283 shares
+5 more
8 metrics
Shares withheld for tax obligations
6,566 shares
Total Common Stock withheld on September 10, 2026 for RSU-related tax withholding
Direct shares withheld
3,283 shares
Common Stock withheld from David P. Hochman’s direct holdings on September 10, 2026
Indirect shares withheld (DPH 2008 Trust)
3,283 shares
Common Stock withheld from shares held by the DPH 2008 Trust on September 10, 2026
Reference price per share
$5.81 per share
Price reported for the tax-withholding dispositions on September 10, 2026
Direct holdings after transaction
1,067,463 shares
Common Stock directly owned by David P. Hochman after the tax-withholding disposition
DPH 2008 Trust holdings after transaction
432,916 shares
Common Stock indirectly owned via the DPH 2008 Trust after the tax-withholding disposition
Holdings per 2019 family trust
2,000 shares
Common Stock indirectly held by each of the Solomon Ascher, Hannah, and Judah Herman Hochman 2019 Trusts
NSH 2008 Family Trust holdings
3,140 shares
Common Stock indirectly held by the NSH 2008 Family Trust
Key Terms
restricted stock units ("RSUs"), tax withholding obligations, indirect ownership, withholding of shares
4 terms
restricted stock units ("RSUs") financial
"in connection with vesting of restricted stock units ("RSUs")."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
tax withholding obligations financial
"to satisfy tax withholding obligations in connection with vesting of RSUs."
indirect ownership financial
"Common Stock indirectly owned "By the DPH 2008 Trust" and other trusts."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did OBIO’s CEO David P. Hochman report in this Form 4?
He reported that 6,566 shares of OBIO Common Stock were withheld on September 10, 2026 to cover tax withholding obligations related to vesting of RSUs. The filing states that no shares were sold in the market due to this vesting and tax withholding.
What are David P. Hochman’s OBIO direct holdings after these transactions?
Following the September 10, 2026 tax-withholding events, David P. Hochman held 1,067,463 shares of Orchestra BioMed Common Stock directly. This figure is reported as the total number of shares owned directly after the disposition for tax withholding.
Were the OBIO Form 4 transactions made under a Rule 10b5-1 trading plan?
No. The filing indicates no Rule 10b5-1 plan is reported for these transactions. The share movements relate to tax withholding on RSU vesting rather than open-market purchases or sales under a trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
