OptimizeRx (NASDAQ: OPRX) COO keeps 25,187 shares after RSU tax withholding
Rhea-AI Filing Summary
OptimizeRx Corp (OPRX) reported an insider transaction by Chief Operating Officer Brendan W. Merrell. On 2026-08-21, 1,020 shares of common stock were withheld at $7.71 per share to satisfy tax withholding obligations upon the vesting of restricted stock units. This withholding is treated as a disposition under Section 16, and Merrell now holds 25,187 shares of common stock directly.
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Insider Trade Summary
Net Seller: 1,020 shares
Net Sell
1 txn
Insider
Merrell Brendan W.
Role
CHIEF OPERATING OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 1,020 | $7.71 | $8K |
Holdings After Transaction:
Common Stock — 25,187 shares (Direct)
Footnotes (1)
- F1. These shares were withheld by the Issuer upon the vesting of restricted stock units to satisfy the Reporting Person's tax withholding obligations. Such withholding is treated as a disposition of securities under Section 16 of the Securities Exchange Act of 1934, as amended.
Key Figures
Shares withheld for tax: 1,020 shares
Per-share value for withholding: $7.71 per share
Shares held after transaction: 25,187 shares
3 metrics
Shares withheld for tax
1,020 shares
Shares of OptimizeRx common stock withheld on 2026-08-21 to satisfy tax obligations upon RSU vesting
Per-share value for withholding
$7.71 per share
Value used for the 1,020 withheld shares in the tax-withholding disposition
Shares held after transaction
25,187 shares
Directly owned OptimizeRx common shares by Brendan W. Merrell after the 2026-08-21 transaction
Key Terms
restricted stock units, beneficial owner, 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"
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.
beneficial owner financial
"admission ... the beneficial owner of any equity securities covered"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
Section 16 of the Securities Exchange Act of 1934 regulatory
"treated as a disposition of securities under Section 16 of the Securities Exchange Act"
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 Corp (OPRX) report for Brendan W. Merrell?
OptimizeRx reported that COO Brendan W. Merrell had 1,020 shares of common stock withheld on 2026-08-21 to cover tax obligations upon RSU vesting. The event is reported as a disposition under Section 16 of the Exchange Act.
Was the OptimizeRx (OPRX) Form 4 transaction an open-market sale?
No. The 1,020-share disposition reported for OptimizeRx COO Brendan W. Merrell reflects shares withheld to satisfy tax withholding obligations on vesting restricted stock units, not an open-market sale.
AI-generated analysis. How Rhea-AI works. Not financial advice.
