SAIC (NYSE: SAIC) director exercises options and has 1,941 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Science Applications International Corp director Steven R. Shane exercised stock options and had shares withheld for taxes. He exercised options for 2,876 shares of common stock at $77.6500 per share, and 1,941 shares at $115.0800 per share were withheld to cover tax obligations. After these transactions, he directly held 38,085.2607 common shares. He also reported indirect holdings of 334 shares through his wife's second trust and 1,000 shares through his wife's trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,876 shares exercised/converted
Mixed
5 txns
Insider
SHANE STEVEN R
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 2,876 | $0.00 | -- |
| Exercise | Common Stock | 2,876 | $77.65 | $223K |
| Tax Withholding | Common Stock | 1,941 | $115.08 | $223K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 0 shares (Direct, null);
Common Stock — 40,026.261 shares (Direct, null);
Common Stock — 1,000 shares (Indirect, By Wife's Trust)
Footnotes (1)
- [object Object]
Key Figures
Options exercised: 2,876 shares
Tax-withheld shares: 1,941 shares
Direct holdings after transactions: 38,085.2607 shares
+4 more
7 metrics
Options exercised
2,876 shares
Common Stock at $77.6500 per share on 2026-06-02
Tax-withheld shares
1,941 shares
Common Stock withheld at $115.0800 per share for taxes
Direct holdings after transactions
38,085.2607 shares
Common Stock directly owned following 2026-06-02 transactions
Indirect holdings – wife’s second trust
334 shares
Common Stock held indirectly through wife’s second trust
Indirect holdings – wife’s trust
1,000 shares
Common Stock held indirectly through wife’s trust
Option exercise price
$77.6500 per share
Conversion price for exercised Stock Option (Right to Buy)
Tax withholding price
$115.0800 per share
Price per share used for tax-withholding disposition
Key Terms
Stock Option (Right to Buy), tax-withholding disposition, derivative security, indirect ownership, +1 more
5 terms
Stock Option (Right to Buy) financial
"security_title": "Stock Option (Right to Buy)""
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.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
indirect ownership financial
""ownership_type": "indirect""
fully vested financial
"footnote": { "_": "Fully vested.""
FAQ
What insider transactions did SAIC director Steven R. Shane report?
Steven R. Shane reported exercising stock options and a related tax-withholding share disposition. He exercised 2,876 SAIC common shares and 1,941 shares were withheld at $115.0800 per share to satisfy tax obligations, as part of routine equity compensation activity.
Was Steven R. Shane’s SAIC transaction a market sale or tax withholding?
The disposition reported by Steven R. Shane was tax withholding, not an open-market sale. A total of 1,941 SAIC shares were withheld at $115.0800 per share to cover taxes tied to his option exercise, a common administrative mechanism.
What stock options did Steven R. Shane exercise in SAIC?
Steven R. Shane exercised stock options covering 2,876 SAIC common shares at a conversion price of $77.6500 per share. The related derivative position in those options went to zero, indicating this block of options was fully exercised before its stated expiration date.