Senseonics (NYSE: SENS) CEO has 28,598 shares withheld for RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Senseonics Holdings, Inc. President and CEO Timothy T. Goodnow reported a routine tax-related share disposition. On the vesting of restricted stock units, 28,598 shares of common stock were withheld at $5.82 per share to cover withholding tax obligations. After this transaction, he directly holds 622,645 shares of Senseonics common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Goodnow Timothy T
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 28,598 | $5.82 | $166K |
Holdings After Transaction:
Common Stock — 622,645 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 28,598 shares
Withholding price per share: $5.82 per share
Shares held after transaction: 622,645 shares
3 metrics
Shares withheld for taxes
28,598 shares
Withholding on RSU vesting
Withholding price per share
$5.82 per share
Tax-withholding disposition
Shares held after transaction
622,645 shares
Direct holdings post-transaction
Key Terms
restricted stock units, withholding tax obligations, tax-withholding disposition
3 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.
FAQ
What did Senseonics (SENS) CEO Timothy Goodnow report in this Form 4?
Timothy Goodnow reported a tax-withholding disposition of Senseonics shares. 28,598 common shares were withheld upon restricted stock unit vesting to satisfy tax obligations, leaving him with 622,645 shares directly held after the transaction.
Was the Senseonics CEO’s Form 4 transaction an open-market sale?
The transaction was not an open-market sale but a tax-withholding disposition. Shares were withheld by the company to satisfy withholding tax obligations triggered when restricted stock units vested.
What does transaction code F mean in the Senseonics Form 4?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. Here, it reflects shares withheld to satisfy withholding tax obligations when restricted stock units vested for the Senseonics CEO.