Senseonics (SENS) CMO has 4,010 shares withheld for RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Senseonics Holdings, Inc. Chief Medical Officer Francine Kaufman reported a routine share disposition related to taxes. On the vesting of restricted stock units, 4,010 shares of common stock were withheld at a reference value of $7.18 per share to satisfy withholding tax obligations. After this tax-withholding event, Kaufman directly holds 177,057 shares of Senseonics common stock. This transaction does not represent an open-market purchase or sale, but an automatic mechanism to cover taxes tied to equity compensation.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kaufman Francine
Role
Chief Medical Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 4,010 | $7.18 | $29K |
Holdings After Transaction:
Common Stock — 177,057 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 4,010 shares
Reference share value: $7.18 per share
Shares held after transaction: 177,057 shares
3 metrics
Shares withheld for taxes
4,010 shares
Withheld to satisfy tax obligations on RSU vesting
Reference share value
$7.18 per share
Value used for the 4,010-share tax-withholding disposition
Shares held after transaction
177,057 shares
Direct Senseonics common stock holdings after tax withholding
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
"tax-withholding disposition associated with the vesting"
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 Francine Kaufman?
Senseonics reported that Chief Medical Officer Francine Kaufman had 4,010 shares of common stock withheld to cover taxes when restricted stock units vested. This was an automatic tax-withholding disposition, not an open-market share sale or purchase by the executive.
Was Francine Kaufman’s Senseonics (SENS) transaction a stock sale on the open market?
No, the transaction was not an open-market sale. The 4,010 Senseonics shares were withheld by the company to satisfy withholding tax obligations when restricted stock units vested, a common administrative step in equity compensation programs.