Orchestra BioMed (OBIO) insider uses 6,566 shares to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Orchestra BioMed Holdings, Inc. director and officer David P. Hochman reported routine equity compensation activity tied to vesting of restricted stock units. On June 10, 2026, the issuer withheld a total of 6,566 shares of Common Stock at $4.02 per share to satisfy tax withholding obligations, with no shares sold in the market.
After these tax-withholding dispositions, Hochman holds 1,060,746 Common Stock shares directly and 436,199 shares indirectly through the DPH 2008 Trust, along with additional indirect holdings in several family trusts holding between 2,000 and 3,140 shares each.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
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") | 3,283 | $4.02 | $13K |
| Tax Withholding | Common Stock | 3,283 | $4.02 | $13K |
| 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") — 1,060,746 shares (Direct, null);
Common Stock — 436,199 shares (Indirect, By the DPH 2008 Trust)
Footnotes (1)
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Key Figures
Tax-withheld shares: 6,566 shares
Tax-withholding price: $4.02 per share
Direct holdings after transaction: 1,060,746 shares
+3 more
6 metrics
Tax-withheld shares
6,566 shares
Shares withheld to satisfy RSU tax obligations on June 10, 2026
Tax-withholding price
$4.02 per share
Value used for RSU-related tax-withholding dispositions
Direct holdings after transaction
1,060,746 shares
Common Stock held directly by Hochman after tax withholding
DPH 2008 Trust holdings
436,199 shares
Common Stock held indirectly via the DPH 2008 Trust after transaction
NSH 2008 Family Trust holdings
3,140 shares
Indirect Common Stock holdings via NSH 2008 Family Trust
Judah Herman Hochman 2019 Trust
2,000 shares
Indirect Common Stock holdings after reported date
Key Terms
restricted stock units ("RSUs"), tax withholding obligations, tax-withholding disposition, indirect ownership
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
"withholding of shares by the Issuer to satisfy tax withholding obligations in connection with vesting"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
indirect ownership financial
""ownership_type": "indirect", "ownership_code": "I""
FAQ
What insider activity did Orchestra BioMed (OBIO) report for David P. Hochman?
David P. Hochman reported tax-related share dispositions only. The issuer withheld 6,566 Common Stock shares upon RSU vesting to cover tax obligations, with no market sales, leaving his overall ownership position largely unchanged and still substantial.
Does this Orchestra BioMed (OBIO) Form 4 show any open-market insider sales?
No, the Form 4 does not show open-market sales. It records only tax-withholding dispositions related to RSU vesting, and the footnote explicitly states no shares were sold in the market as part of this transaction.
What indirect Orchestra BioMed (OBIO) holdings does David P. Hochman report?
Indirectly, Hochman reports 436,199 Common Stock shares held by the DPH 2008 Trust, plus smaller positions in several family trusts. These additional trusts hold 3,140, 2,000, 2,000, and 2,000 shares respectively, reflecting long-term family-related ownership structures.