Senseonics (SENS) CFO faces 5,397-share tax withholding on RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Senseonics Holdings, Inc. Chief Financial Officer Frederick T. Sullivan reported a routine tax-related share disposition. On the vesting of restricted stock units, 5,397 shares of common stock were withheld to satisfy withholding tax obligations, rather than sold on the open market.
After this tax-withholding disposition, Sullivan directly holds 226,477 shares of common stock. The filing reflects compensation-related share vesting mechanics, not an active purchase or sale decision in the market.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sullivan Frederick T.
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 5,397 | $7.18 | $39K |
Holdings After Transaction:
Common Stock — 226,477 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 5,397 shares
Price per share for withholding: $7.18 per share
Shares held after transaction: 226,477 shares
3 metrics
Shares withheld for taxes
5,397 shares
Withheld to satisfy tax obligations on RSU vesting
Price per share for withholding
$7.18 per share
Valuation used for 5,397-share tax-withholding disposition
Shares held after transaction
226,477 shares
Direct holdings after tax-withholding disposition
Key Terms
restricted stock units, withholding tax obligations, tax-withholding disposition, Common Stock
4 terms
restricted stock units financial
"Represents shares withheld to satisfy withholding tax obligations upon 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.
withholding tax obligations financial
"Represents shares withheld to satisfy withholding tax obligations upon the vesting of restricted stock units."
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.
Common Stock financial
"security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did Senseonics (SENS) report for CFO Frederick T. Sullivan?
Senseonics reported that CFO Frederick T. Sullivan had 5,397 shares withheld to cover taxes upon restricted stock unit vesting. This is a tax-withholding disposition, not an open-market trade, and reflects standard equity compensation treatment rather than a discretionary buy or sell.
What does transaction code F mean in the Senseonics (SENS) Form 4 filing?
Transaction code F indicates a tax-withholding disposition, where shares are delivered to the issuer to cover exercise price or tax liability. In this case, Senseonics withheld 5,397 shares from the CFO upon restricted stock unit vesting to meet required tax obligations.