OptimizeRx (OPRX) CEO has 5,219 shares withheld to cover RSU tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
OptimizeRx Corp Chief Executive Officer Stephen L. Silvestro reported a tax-related share disposition tied to vesting equity awards. On this Form 4, 5,219 shares of common stock were withheld by the company on May 15, 2026 at a value of $5.21 per share to cover his tax withholding obligations upon vesting of restricted stock units. The filing notes this withholding is treated as a disposition under Section 16 rules, but it is not an open-market sale. After the transaction, Silvestro directly owned 185,288 shares of OptimizeRx common stock, so the withheld amount represents a small portion of his overall reported holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Silvestro Stephen L
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 5,219 | $5.21 | $27K |
Holdings After Transaction:
Common Stock — 185,288 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Tax-withheld shares: 5,219 shares
Per-share value: $5.21 per share
Post-transaction holdings: 185,288 shares
+1 more
4 metrics
Tax-withheld shares
5,219 shares
Shares withheld to satisfy tax obligations on RSU vesting
Per-share value
$5.21 per share
Value used for the 5,219 withheld shares
Post-transaction holdings
185,288 shares
CEO’s direct OptimizeRx common stock holdings after the transaction
Tax-withholding transactions
1 transaction, 5,219 shares
Summary of tax withholding dispositions in this Form 4
Key Terms
restricted stock units, tax withholding obligations, Section 16 of the Securities Exchange Act of 1934
3 terms
restricted stock units financial
"upon the vesting of restricted stock units to satisfy the Reporting Person's tax withholding obligations"
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
"upon the vesting of restricted stock units to satisfy the Reporting Person's tax withholding obligations"
Section 16 of the Securities Exchange Act of 1934 regulatory
"treated as a disposition of securities under Section 16 of the Securities Exchange Act of 1934"
A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.
FAQ
What insider transaction did OptimizeRx (OPRX) report for CEO Stephen L. Silvestro?
OptimizeRx reported that CEO Stephen L. Silvestro had 5,219 common shares withheld to cover tax obligations on vesting restricted stock units. This withholding is treated as a disposition under Section 16, but it was not an open-market sale of shares.