Senseonics (NYSE: SENS) COO withholds 13,681 shares to cover tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Senseonics Holdings Chief Operating Officer Mukul Jain reported a routine tax-related share withholding. On the vesting of restricted stock units, 13,681 shares of common stock were withheld at $5.82 per share to satisfy withholding tax obligations. Following this non-market transaction, he directly holds 246,298 shares of Senseonics common stock.
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 | 13,681 | $5.82 | $80K |
Holdings After Transaction:
Common Stock — 246,298 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 13,681 shares
Withholding price per share: $5.82 per share
Shares owned after transaction: 246,298 shares
3 metrics
Shares withheld for taxes
13,681 shares
Withheld to satisfy tax obligations on RSU vesting
Withholding price per share
$5.82 per share
Value used for tax-withholding disposition
Shares owned after transaction
246,298 shares
Direct Senseonics common stock 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 upon the vesting"
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 insider transaction did Senseonics (SENS) report for Mukul Jain?
Senseonics reported that COO Mukul Jain had 13,681 common shares withheld to cover taxes on vesting restricted stock units. This is a non-market tax-withholding disposition, not an open-market share sale, and is part of routine equity compensation administration.
Was the Senseonics (SENS) Mukul Jain Form 4 a stock sale?
The Form 4 does not show an open-market stock sale. Instead, 13,681 shares were withheld at $5.82 per share to satisfy withholding tax obligations tied to restricted stock unit vesting, which is a standard compensation-related mechanism.
What does the F code mean in the Senseonics (SENS) Form 4 for Mukul Jain?
The F transaction code indicates shares were disposed of to cover exercise price or tax liabilities. In this case, 13,681 shares of Senseonics common stock were withheld specifically to pay withholding taxes upon restricted stock unit vesting, not sold on the open market.
Is the Mukul Jain Form 4 for Senseonics (SENS) part of his equity compensation?
Yes. The filing states the 13,681 withheld shares relate to satisfying withholding tax obligations triggered by the vesting of restricted stock units. Such tax-withholding dispositions are a common feature of executive equity compensation programs rather than standalone trading decisions.