RideNow Group (RDNW) EVP has 15,797 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RideNow Group, Inc. executive Melissa Bengtson, EVP, CLO & Secretary, reported a routine tax-related share disposition. On the vesting of restricted stock units, 15,797 shares of Class B Common Stock were withheld by the company at $6.53 per share to cover tax obligations. After this withholding, Bengtson directly holds 244,203 Class B shares, so she maintains a substantial equity position and did not execute an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BENGTSON MELISSA
Role
EVP, CLO & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class B Common Stock | 15,797 | $6.53 | $103K |
Holdings After Transaction:
Class B Common Stock — 244,203 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 15,797 shares
Withholding price per share: $6.53 per share
Shares held after transaction: 244,203 shares
3 metrics
Shares withheld for taxes
15,797 shares
Withheld upon RSU vesting to satisfy tax obligations
Withholding price per share
$6.53 per share
Value used for tax-withholding disposition
Shares held after transaction
244,203 shares
Directly held Class B Common Stock after withholding
Key Terms
restricted stock units, tax withholding obligations, Class B Common Stock, tax-withholding disposition
4 terms
restricted stock units financial
"upon the vesting of restricted stock units"
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
"to satisfy tax withholding obligations upon the vesting"
Class B Common Stock financial
"security_title": "Class B Common Stock""
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
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.
FAQ
What did RideNow Group (RDNW) executive Melissa Bengtson report on this Form 4?
Melissa Bengtson reported a tax-related share disposition. 15,797 Class B shares were withheld by RideNow Group to satisfy tax obligations from restricted stock unit vesting, leaving her with 244,203 directly held shares afterward.
What type of security is involved in this RideNow Group (RDNW) insider transaction?
The transaction involves Class B Common Stock of RideNow Group. These shares were withheld from executive Melissa Bengtson when her restricted stock units vested, to cover the related tax liabilities.