Senseonics (SENS) COO has shares withheld to cover RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Senseonics Holdings, Inc. Chief Operating Officer Mukul Jain reported a routine tax-related share disposition. On the Form 4, 16,194 shares of common stock at a value of $7.18 per share were withheld to satisfy withholding tax obligations when restricted stock units vested, rather than sold in the open market.
After this withholding, Jain directly holds 500,863 shares of Senseonics common stock. The transaction reflects compensation-related tax withholding and does not represent an open-market purchase or sale decision.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
JAIN Mukul
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 16,194 | $7.18 | $116K |
Holdings After Transaction:
Common Stock — 500,863 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 16,194 shares
Withholding reference price: $7.18 per share
Shares held after transaction: 500,863 shares
3 metrics
Shares withheld for taxes
16,194 shares
Withheld to satisfy tax obligations on RSU vesting
Withholding reference price
$7.18 per share
Value used for tax-withholding disposition
Shares held after transaction
500,863 shares
Direct common stock holdings after tax withholding
Key Terms
restricted stock units, withholding tax obligations, tax-withholding disposition, Form 4
4 terms
restricted stock units financial
"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
"shares withheld to satisfy withholding tax obligations"
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did Senseonics (SENS) COO Mukul Jain report on this Form 4?
Mukul Jain reported a tax-related share disposition. 16,194 Senseonics common shares were withheld to cover tax obligations upon vesting of restricted stock units, and were not sold on the open market.
Was the Senseonics (SENS) Form 4 transaction an insider sale?
The Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were withheld by the company to satisfy tax obligations tied to vested restricted stock units granted as compensation.
What does transaction code F mean in the Senseonics (SENS) Form 4?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. Here, 16,194 shares were withheld to satisfy withholding tax obligations upon vesting of restricted stock units.
Does the Senseonics (SENS) Form 4 mention restricted stock units (RSUs)?
Yes. A footnote explains the shares represent amounts withheld to satisfy withholding tax obligations triggered by the vesting of restricted stock units, which are stock-based compensation awards granted to the executive.