Orchestra BioMed (OBIO) director reports 676-share tax withholding from RSU vesting
Rhea-AI Filing Summary
Orchestra BioMed Holdings, Inc. director Chris Cleary reported an automatic share withholding related to equity compensation. On February 5, 2026, the issuer withheld 676 shares of Common Stock at $3.71 per share to cover tax obligations from vesting restricted stock units.
The footnote clarifies that no shares were sold in the market; this was strictly a tax-withholding event handled by the company. After this transaction, Cleary directly beneficially owned 36,901 shares of Orchestra BioMed common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 676 shares
Net Sell
1 txn
Insider
Cleary Chris
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock, par value $0.0001 per share ("Common Stock") | 676 | $3.71 | $3K |
Holdings After Transaction:
Common Stock, par value $0.0001 per share ("Common Stock") — 36,901 shares (Direct)
Footnotes (1)
- F1. Represents the withholding of shares by the Issuer to satisfy tax withholding obligations in connection with vesting of restricted stock units. No shares were sold in the market as a result of the vesting of these restricted stock units and the satisfaction of tax withholding obligations.
FAQ
What did Orchestra BioMed (OBIO) director Chris Cleary report in this Form 4?
Chris Cleary reported a share withholding related to equity compensation. On February 5, 2026, the issuer withheld 676 Orchestra BioMed common shares at $3.71 each to satisfy tax obligations from vesting restricted stock units, with no open-market sale involved.
What does transaction code “F” signify in this Orchestra BioMed (OBIO) Form 4?
Transaction code “F” indicates a tax-related transfer associated with equity awards. In this case, Orchestra BioMed withheld 676 shares from Chris Cleary to cover withholding taxes due on vesting restricted stock units, rather than Cleary making an elective market trade.
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