Orchestra BioMed (NASDAQ: OBIO) CFO has shares withheld to cover RSU tax obligations
Rhea-AI Filing Summary
Orchestra BioMed Holdings, Inc. Chief Financial Officer Andrew Taylor Lawrence reported a tax-related share withholding linked to restricted stock unit vesting. The issuer withheld 36,352 shares of common stock at an implied value of $4.02 per share to satisfy tax withholding obligations, and no shares were sold in the market. After this withholding, Lawrence directly holds 593,065 shares of Orchestra BioMed common stock.
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 | 36,352 | $4.02 | $146K |
Holdings After Transaction:
Common Stock, par value $0.0001 per share — 593,065 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 36,352 shares
Implied share value: $4.02 per share
Shares held after transaction: 593,065 shares
3 metrics
Shares withheld for taxes
36,352 shares
Withholding to satisfy RSU tax obligations
Implied share value
$4.02 per share
Value used for tax-withholding disposition
Shares held after transaction
593,065 shares
Direct holdings of CFO after withholding
Key Terms
restricted stock units ("RSUs"), tax withholding obligations, withholding of shares, tax-withholding disposition
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"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Orchestra BioMed (OBIO) disclose in this Form 4 for its CFO?
Orchestra BioMed reported that CFO Andrew Taylor Lawrence had shares withheld to cover taxes on vested RSUs. The issuer withheld 36,352 common shares, and no shares were sold in the market as part of this transaction.
What does the F code mean in the Orchestra BioMed (OBIO) Form 4?
The F transaction code indicates a disposition of shares to satisfy tax obligations or exercise price. Here, it reflects 36,352 shares withheld by the issuer for RSU-related tax withholding, not an open-market sale by the CFO.