Research Solutions CEO Surrenders 2,126 Shares for Tax Obligations
Research Solutions CEO Roy W. Olivier reported a Form 4 filing on June 28, 2025, disclosing a transaction dated June 20, 2025.
Rhea-AI Filing Summary
Research Solutions CEO Roy W. Olivier reported a Form 4 filing on June 28, 2025, disclosing a transaction dated June 20, 2025. The insider, who serves as both Director and CEO & President, surrendered 2,126 shares of Common Stock at a price of $2.69 per share.
The transaction was coded as 'F', indicating shares were surrendered to cover tax obligations related to vested restricted stock. This surrender was specifically approved by the company's Compensation Committee of the Board of Directors.
Following the reported transaction, Olivier maintains direct beneficial ownership of 608,253 shares of Research Solutions common stock. The transaction demonstrates standard executive compensation tax management practices rather than discretionary trading activity.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 2,126 | $2.69 | $6K |
Footnotes (1)
- F1. The reporting person surrendered these shares to the registrant to cover taxes on vested restricted stock, as approved by the Compensation Committee of the Registrant's Board of Directors.
FAQ
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What positions does Roy Olivier hold at RSSS according to the Form 4?
What type of transaction did RSSS CEO execute in the June 2025 Form 4?
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