Orchestra BioMed (OBIO) director granted RSUs, shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Orchestra BioMed Holdings, Inc. director John Prosper Mack reported routine equity compensation activity involving restricted stock units (RSUs). On the grant date, he received 34,653 RSUs, each representing one future share of common stock, vesting after one year of continued service.
When previously granted RSUs vested, 3,510 shares were withheld by the company to cover tax obligations, with no shares sold in the market. Following these transactions, he holds 71,429 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Mack John Prosper
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,510 | $0.00 | -- |
| Grant/Award | Common Stock, par value $0.0001 per share ("Common Stock") | 34,653 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 71,429 shares (Direct);
Common Stock, par value $0.0001 per share ("Common Stock") — 74,939 shares (Direct)
Footnotes (1)
- Represents an award of restricted stock units ("RSUs") awarded to the Reporting Person on June 23, 2026 (the "Grant Date"). Each RSU represents a contingent right to receive one share of Common Stock. The RSUs will vest on the one year anniversary of the Grant Date, subject to the Reporting Person's continuous service through such date. Represents the withholding of shares by the Issuer to satisfy tax withholding obligations in connection with vesting of 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
RSU grant size: 34,653 RSUs
Shares withheld for taxes: 3,510 shares
Holdings after tax withholding: 71,429 shares
+2 more
5 metrics
RSU grant size
34,653 RSUs
Awarded on June 23, 2026, vesting after one year of service
Shares withheld for taxes
3,510 shares
Withheld to satisfy tax obligations upon RSU vesting
Holdings after tax withholding
71,429 shares
Common stock held directly after the June 24, 2026 transaction
Holdings after RSU grant
74,939 shares
Common stock reported immediately after the June 23, 2026 grant
Vesting period
1 year
RSUs vest on the one-year anniversary of the June 23, 2026 grant date
Key Terms
restricted stock units ("RSUs"), contingent right, tax withholding obligations, vesting
4 terms
restricted stock units ("RSUs") financial
"Represents an award of restricted stock units ("RSUs") awarded to the Reporting Person on June 23, 2026"
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.
contingent right financial
"Each RSU represents a contingent right to receive one share of Common Stock."
tax withholding obligations financial
"Represents the withholding of shares by the Issuer to satisfy tax withholding obligations in connection with vesting of RSUs."
vesting financial
"No shares were sold in the market as a result of the vesting of these RSUs"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What did Orchestra BioMed (OBIO) director John Prosper Mack receive in this Form 4?
He received an award of 34,653 restricted stock units (RSUs). Each RSU represents a contingent right to one share of common stock that will vest after one year of continued service with Orchestra BioMed.
How do the new RSUs for Orchestra BioMed (OBIO) director vest?
The 34,653 RSUs vest on the one-year anniversary of the June 23, 2026 grant date. Vesting is contingent on John Prosper Mack’s continuous service with Orchestra BioMed through that one-year vesting date.