OSUR Form 4: CFO Kenneth McGrath withholds 12,524 shares for taxes
Rhea-AI Filing Summary
OraSure Technologies Chief Financial Officer Kenneth J. McGrath reported a Form 4 disclosing a tax-withholding disposition tied to the vesting of restricted stock. On 08/08/2025 the filing shows 12,524 shares were withheld to satisfy tax obligations at a reported price of $2.78 per share. After the withholding he beneficially owned 448,463 shares directly.
The filing is a routine Section 16 disclosure related to compensation vesting rather than an open-market sale. The explanation on the form explicitly states the shares were withheld to pay the tax liability associated with vested restricted shares, indicating this transaction reflects tax withholding on compensation.
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Insights
TL;DR: Routine tax-withholding on vested restricted shares; minimal immediate market impact.
The Form 4 shows a withholding of 12,524 shares at $2.78 to cover taxes on vested restricted stock. That withholding represents roughly 2.8% of the reported post-transaction direct holdings (12,524 of 448,463), so it is an administrative compensation event rather than a signal of directional selling. For investors, the item is a standard disclosure required under Section 16 and is unlikely to change the company’s near-term valuation dynamics.
TL;DR: Disclosure aligns with Section 16 reporting and documents routine insider compensation mechanics.
The explanation explicitly states the purpose as tax withholding on vesting restricted shares, which is a common mechanism to satisfy withholding obligations without a public sale. The report identifies Kenneth J. McGrath as the reporting person and Chief Financial Officer, and shows continued direct ownership of 448,463 shares after the transaction. This is a standard governance disclosure rather than an operational or strategic development.