Orchestra BioMed (OBIO) director has 4,885 shares withheld for RSU tax
Rhea-AI Filing Summary
Orchestra BioMed Holdings, Inc. director John Prosper Mack reported a Form 4 transaction where 4,885 shares of common stock were withheld by the company at $4.42 per share to satisfy tax withholding obligations upon vesting of restricted stock units. According to the company, no shares were sold in the market, and Mack’s directly held stake after the withholding is 66,544 shares.
Positive
- None.
Negative
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Insider Trade Summary
Net Seller: 4,885 shares
Net Sell
1 txn
Insider
Mack John Prosper
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, par value $0.0001 per share F1 | 4,885 | $4.42 | $22K |
Holdings After Transaction:
Common Stock, par value $0.0001 per share — 66,544 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 ("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: 4,885 shares
Withholding price: $4.42 per share
Shares held after transaction: 66,544 shares
3 metrics
Shares withheld for tax
4,885 shares
Withheld to satisfy tax withholding obligations on RSU vesting
Withholding price
$4.42 per share
Value applied to shares withheld for tax obligations
Shares held after transaction
66,544 shares
Director’s direct common stock holdings following the withholding
Key Terms
restricted stock units, withholding of shares, tax withholding obligations, Form 4
4 terms
restricted stock units financial
"in connection with vesting of restricted stock units ("RSUs")."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"shares by the Issuer to satisfy tax withholding obligations in connection"
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did OBIO director John Prosper Mack report?
John Prosper Mack reported a Form 4 transaction where 4,885 shares of Orchestra BioMed common stock were withheld by the issuer at $4.42 per share to cover tax withholding obligations tied to vesting RSUs.
What does transaction code F mean in the OBIO Form 4 filing?
Transaction code F indicates a payment of tax liability by delivering or withholding securities. In this case, 4,885 shares of Orchestra BioMed common stock were withheld to cover taxes from the vesting of restricted stock units, with no market sale involved.
AI-generated analysis. How Rhea-AI works. Not financial advice.