RUM Group (RUM) CFO has 9,331 shares withheld for RSU tax liability
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RUM Group Inc. Chief Financial Officer Michael Masci reported a tax-related share disposition tied to vesting of restricted stock units. The issuer withheld 9,331 shares of Class A Common Stock at $6.19 per share to cover his tax liability, and he now directly holds 319,060 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Masci Michael
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock, par value $0.0001 per share | 9,331 | $6.19 | $58K |
Holdings After Transaction:
Class A Common Stock, par value $0.0001 per share — 319,060 shares (Direct, null)
Footnotes (1)
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Key Figures
Tax-withheld shares: 9,331 shares
Withholding price: $6.19 per share
Shares held after transaction: 319,060 shares
3 metrics
Tax-withheld shares
9,331 shares
Shares withheld to satisfy tax liability on RSU vesting
Withholding price
$6.19 per share
Value used for tax-withholding disposition of 9,331 shares
Shares held after transaction
319,060 shares
Direct Class A Common Stock ownership after tax withholding
Key Terms
restricted stock units, withholding of shares, tax liability, Class A Common Stock
4 terms
restricted stock units financial
"arising from 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 liability financial
"to satisfy tax liability arising from the vesting of restricted stock units."
Class A Common Stock financial
"Class A Common Stock, par value $0.0001 per share"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What insider transaction did RUM (RUM) CFO Michael Masci report?
RUM Group Inc. CFO Michael Masci reported a tax-withholding disposition. The issuer withheld 9,331 Class A Common Stock shares upon restricted stock unit vesting to cover his tax liability, rather than an open-market sale.