Orchestra BioMed (OBIO) CFO has 3,076 RSU shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Orchestra BioMed Holdings, Inc. Chief Financial Officer Andrew Taylor Lawrence had 3,076 shares of common stock withheld at a price of $3.98 per share to cover tax obligations tied to vesting restricted stock units. No shares were sold in the market, and he now holds 629,417 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Taylor Andrew Lawrence
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, par value $0.0001 per share | 3,076 | $3.98 | $12K |
Holdings After Transaction:
Common Stock, par value $0.0001 per share — 629,417 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 3,076 shares
Withholding price per share: $3.98 per share
Shares held after transaction: 629,417 shares
3 metrics
Shares withheld for taxes
3,076 shares
Tax-withholding disposition on RSU vesting
Withholding price per share
$3.98 per share
Value used for RSU tax withholding
Shares held after transaction
629,417 shares
CFO’s direct ownership following tax withholding
Key Terms
restricted stock units ("RSUs"), tax withholding obligations, withholding of shares, Common Stock, par value $0.0001 per share
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
"to satisfy tax withholding obligations in connection with vesting of restricted stock units"
FAQ
What insider transaction did Orchestra BioMed (OBIO) report for its CFO?
Orchestra BioMed’s CFO had shares withheld for taxes, not sold. On vesting of RSUs, 3,076 common shares were withheld at $3.98 each to satisfy tax obligations, with no open-market sale involved.
What does a tax-withholding disposition mean in the Orchestra BioMed (OBIO) Form 4?
It means shares were retained by the issuer to pay taxes. Instead of selling stock in the market, 3,076 vested RSU shares were withheld by Orchestra BioMed to cover the CFO’s associated tax liabilities.