OptimizeRx exec has 1,243 shares withheld for taxes
OptimizeRx Corp (OPRX) reported that Chief Business Officer Andrew J. D'Silva had 1,243 shares of common stock withheld on August 21, 2026 to satisfy tax withholding obligations upon vesting of restricted stock units.
Rhea-AI Filing Summary
OptimizeRx Corp (OPRX) reported that Chief Business Officer Andrew J. D'Silva had 1,243 shares of common stock withheld on August 21, 2026 to satisfy tax withholding obligations upon vesting of restricted stock units. The withholding, treated as a disposition under Section 16, left him with 43,492 directly held shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Tax Withholding: 1,243 shares
Tax Withholding
1 txn
Insider
D'Silva Andrew J.
Role
Chief Business Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 1,243 | $7.71 | $10K |
Holdings After Transaction:
Common Stock — 43,492 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 obligations: 1,243 shares
Price per share: $7.71 per share
Shares held after transaction: 43,492 shares
3 metrics
Shares withheld for tax obligations
1,243 shares
Common Stock withheld on August 21, 2026 to satisfy tax withholding obligations
Price per share
$7.71 per share
Valuation used for the 1,243 withheld shares
Shares held after transaction
43,492 shares
Directly held OptimizeRx common stock following the withholding transaction
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"
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
"vested 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 Secur"
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 OPRX report for Andrew J. D'Silva?
OptimizeRx reported that Andrew J. D'Silva had 1,243 shares of common stock withheld on August 21, 2026 to cover tax withholding obligations upon RSU vesting, treated as a disposition under Section 16, leaving him with 43,492 shares held directly.
Was the OPRX Form 4 transaction a market sale or tax withholding?
The Form 4 for OPRX shows a tax withholding transaction. 1,243 shares were withheld by OptimizeRx upon vesting of restricted stock units to satisfy Andrew J. D'Silva’s tax withholding obligations, and are reported as a disposition under Section 16.
Does the OPRX Form 4 indicate a Rule 10b5-1 trading plan for this transaction?
No. The Form 4 for OptimizeRx Corp (OPRX) indicates the Rule 10b5-1 checkbox is not checked, and the transaction is described instead as shares withheld to satisfy tax withholding obligations upon RSU vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.