Rumble (NASDAQ: RUM) CTO covers RSU taxes with 12,426 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rumble Inc. Chief Technology Officer Wojciech Hlibowicki reported a routine tax-related share withholding tied to equity compensation. On the transaction date, the company withheld 12,426 shares of Class A Common Stock at $4.98 per share to cover taxes from vesting restricted stock units.
According to the disclosure, no shares were sold on the market. After this withholding, Hlibowicki directly holds 168,328 shares of Rumble Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hlibowicki Wojciech
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock, par value $0.0001 per share | 12,426 | $4.98 | $62K |
Holdings After Transaction:
Class A Common Stock, par value $0.0001 per share — 168,328 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 12,426 shares
Withholding price per share: $4.98 per share
Shares held after transaction: 168,328 shares
3 metrics
Shares withheld for taxes
12,426 shares
Withholding to satisfy RSU tax liability
Withholding price per share
$4.98 per share
Value used for tax-withholding disposition
Shares held after transaction
168,328 shares
Direct Class A Common Stock holdings post-transaction
Key Terms
restricted stock units, withholding of shares, tax-withholding disposition
3 terms
restricted stock units financial
"tax liability 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-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 Rumble (RUM) CTO Wojciech Hlibowicki report in this Form 4?
Rumble CTO Wojciech Hlibowicki reported a tax-related share withholding, not an open-market sale. The company withheld 12,426 Class A shares to satisfy tax obligations from vesting restricted stock units, and he continues to hold 168,328 shares directly after the transaction.
What does a tax-withholding disposition mean in the Rumble (RUM) Form 4?
A tax-withholding disposition means shares are retained by the issuer to pay income taxes due on equity awards. In this case, Rumble withheld 12,426 shares from the CTO’s vesting restricted stock units instead of him selling shares in the open market to cover the liability.