Orchestra BioMed (OBIO) officer has shares withheld for RSU tax payment
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Orchestra BioMed Holdings, Inc. insider Joshua Aiello, the Principal Accounting Officer, reported a small share disposition tied to taxes, not a market trade. The company withheld 241 shares of Common Stock at $4.57 per share to cover tax obligations from restricted stock unit vesting. After this withholding, Aiello directly holds 18,644 shares of Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Aiello Joshua
Role
Principal Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, par value $0.0001 per share ("Common Stock") | 241 | $4.57 | $1K |
Holdings After Transaction:
Common Stock, par value $0.0001 per share ("Common Stock") — 18,644 shares (Direct)
Footnotes (1)
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FAQ
What did Orchestra BioMed (OBIO) insider Joshua Aiello report in this Form 4?
Joshua Aiello reported a small share disposition related to tax withholding, not an open-market trade. The issuer withheld 241 shares to satisfy taxes on vested RSUs, and Aiello now directly holds 18,644 Common Stock shares after the transaction.
What does the transaction code “F” mean in the Orchestra BioMed (OBIO) Form 4?
Code “F” indicates a tax-withholding disposition, where shares are delivered to the issuer to cover tax liabilities or exercise costs. In this case, 241 shares were withheld to pay taxes on RSU vesting, and no open-market sale occurred according to the footnote.
Does this Orchestra BioMed (OBIO) insider filing indicate a change in insider sentiment?
The filing mainly reflects a routine tax-withholding event, not a discretionary buy or sell decision. Since the 241 shares were withheld to cover RSU-related taxes and no market sale occurred, it provides limited insight into Aiello’s view of the company’s stock.