Senseonics (SENS) CFO share withholding covers taxes on vested stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Senseonics Holdings, Inc. Chief Financial Officer reports routine tax withholding on vested stock units. On the reported date, Frederick T. Sullivan had 9,005 shares of common stock withheld at $5.82 per share to cover withholding tax obligations tied to the vesting of restricted stock units. These are not open-market sales, but shares retained by the company for tax payment. After this transaction, he directly holds 141,621 shares of Senseonics common stock.
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 | 9,005 | $5.82 | $52K |
Holdings After Transaction:
Common Stock — 141,621 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 9,005 shares
Withholding price per share: $5.82 per share
Shares held after transaction: 141,621 shares
+1 more
4 metrics
Shares withheld for taxes
9,005 shares
Tax-withholding disposition on vested restricted stock units
Withholding price per share
$5.82 per share
Value used for 9,005-share tax withholding
Shares held after transaction
141,621 shares
Direct common stock holdings after tax withholding
Tax-withholding transactions
1 transaction, 9,005 shares
Summary of F-code tax-withholding dispositions in this filing
Key Terms
restricted stock units, withholding tax obligations, tax-withholding disposition, Common Stock
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 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.
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 9,005 common shares withheld to cover taxes on vested restricted stock units. The shares were valued at $5.82 each and represent a tax-withholding disposition, not an open-market sale of stock.
What does the F transaction code mean in the Senseonics (SENS) Form 4 filing?
The F code in this Form 4 indicates a tax-withholding disposition, where shares are delivered to the issuer to cover tax or exercise costs. Here, 9,005 shares were withheld to satisfy withholding tax obligations on vesting restricted stock units, not sold on the market.