Michael Camarda of Sharplink (SBET) has shares withheld for taxes
Rhea-AI Filing Summary
Sharplink, Inc. reports that Chief Development Officer Michael D. Camarda had 24,922 shares of common stock withheld to satisfy tax withholding obligations arising from the vesting and settlement of restricted stock units at an implied value of $5.81 per share. After this tax-withholding disposition, he holds 600,224 equity interests in total, including 440,562 unvested RSUs and 159,662 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 24,922 shares
Net Sell
1 txn
Insider
Camarda Michael D
Role
Chief Development Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1, F2 | 24,922 | $5.81 | $145K |
Holdings After Transaction:
Common Stock — 600,224 shares (Direct)
Footnotes (2)
- F1. Represents shares of the Registrant's common stock withheld to satisfy tax withholding obligations upon the vesting and settlement of restricted stock units ("RSUs").
- F2. Includes: (i) 440,562 unvested RSUs, and (ii) 159,662 shares of the Registrant's common stock.
Key Figures
Shares withheld for taxes: 24,922 shares
Implied tax-withholding price: $5.81 per share
Post-transaction holdings: 600,224 shares and RSUs
+2 more
5 metrics
Shares withheld for taxes
24,922 shares
Common stock withheld to satisfy tax withholding obligations upon RSU vesting
Implied tax-withholding price
$5.81 per share
Value used for the 24,922-share tax-withholding disposition
Post-transaction holdings
600,224 shares and RSUs
Total equity interests following the tax-withholding disposition
Unvested RSUs
440,562 unvested RSUs
Unvested restricted stock units included in post-transaction holdings
Common shares held
159,662 shares
Sharplink common stock included in post-transaction holdings
Key Terms
restricted stock units ("RSUs"), tax withholding obligations, unvested RSUs
3 terms
restricted stock units ("RSUs") financial
"upon the vesting and settlement of restricted stock units ("RSUs")."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
tax withholding obligations financial
"shares of common stock withheld to satisfy tax withholding obligations upon the vesting"
unvested RSUs financial
"Includes: (i) 440,562 unvested RSUs, and (ii) 159,662 shares"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What transaction did Sharplink (SBET) report for Michael D. Camarda?
Sharplink reported that Chief Development Officer Michael D. Camarda had 24,922 shares of common stock withheld to satisfy tax obligations tied to the vesting and settlement of restricted stock units. This is a tax-withholding disposition, not an open-market purchase or sale.
Was Michael D. Camarda’s Sharplink (SBET) transaction under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not marked as a trading plan. The reported disposition is specifically described as shares withheld to satisfy tax withholding obligations on RSU vesting, rather than trades executed under a pre-arranged Rule 10b5-1 plan.