Sensus Healthcare (SRTS) CFO adjusts stake after 3,935-share tax withholding
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Sensus Healthcare, Inc. chief financial officer Javier Rampolla reported a routine share adjustment linked to equity compensation. On July 21, 2022, 3,935 shares of common stock were withheld at $10.51 per share to cover his tax obligation from vested restricted stock. After this withholding, he beneficially owned 48,114 shares of common stock directly. The amended filing also corrects an earlier Form 4 that had overstated his holdings by 742 shares, revising the previously reported 48,856 shares to the accurate 48,114 shares as of that date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Rampolla Javier
Role
CHIEF FINANCIAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,935 | $10.51 | $41K |
Holdings After Transaction:
Common Stock — 48,114 shares (Direct, null)
Footnotes (1)
- Represents shares withheld to pay the reporting person's withholding tax obligation arising solely in connection with the vesting of restricted stock. On July 25, 2022, the reporting person filed a Form 4 (the "Original Report") which inadvertently reported that the reporting person owned 48,856 shares of the issuer's common stock as of July 21, 2022. In fact, the reporting person held 48,114 shares of the issuer's common stock as of July 21, 2022. As a result of the error in the Original Report, the number of shares of common stock beneficially owned by the reporting person as reported on each Form 4 filed by the reporting person between the date of the Original Report and the filing of this amendment to the Original Report was overstated by 742 shares.
Key Figures
Tax-withheld shares: 3,935 shares
Withholding price: $10.51 per share
Holdings after transaction: 48,114 shares
+1 more
4 metrics
Tax-withheld shares
3,935 shares
Shares withheld to cover tax on restricted stock vesting on July 21, 2022
Withholding price
$10.51 per share
Price used for 3,935 tax-withheld shares
Holdings after transaction
48,114 shares
Common stock beneficially owned directly after July 21, 2022 withholding
Prior overstatement
742 shares
Difference between incorrectly reported 48,856 and correct 48,114 shares
Key Terms
withheld to pay the reporting person's withholding tax obligation, restricted stock, Form 4, beneficially owned, +1 more
5 terms
withheld to pay the reporting person's withholding tax obligation financial
"Represents shares withheld to pay the reporting person's withholding tax obligation arising solely in connection with the vesting of restricted stock."
restricted stock financial
"withholding tax obligation arising solely in connection with the vesting of restricted stock."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Form 4 regulatory
"the reporting person filed a Form 4 (the "Original Report") which inadvertently reported that the reporting person owned 48,856 shares"
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.
beneficially owned financial
"the number of shares of common stock beneficially owned by the reporting person as reported on each Form 4"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
withholding tax obligation financial
"Represents shares withheld to pay the reporting person's withholding tax obligation arising solely in connection with the vesting of restricted stock."
FAQ
What did Sensus Healthcare (SRTS) CFO Javier Rampolla report in this Form 4/A?
CFO Javier Rampolla reported a correction to his share ownership and a routine tax-related share withholding. The filing shows 3,935 shares were withheld on restricted stock vesting, and his accurate direct holdings were 48,114 shares of Sensus Healthcare common stock as of July 21, 2022.
Was the Sensus Healthcare (SRTS) Form 4/A an open-market sale by the CFO?
No, the Form 4/A does not show an open-market sale. It reports 3,935 shares withheld to satisfy Javier Rampolla’s tax obligation from restricted stock vesting, a non-market transaction, and corrects an earlier overstatement of his beneficial ownership by 742 shares.
What error does this Sensus Healthcare (SRTS) Form 4/A amendment correct?
The amendment corrects an earlier Form 4 that overstated Javier Rampolla’s holdings. The original report showed 48,856 shares as of July 21, 2022, but the accurate number was 48,114 shares, meaning his beneficial ownership had been overstated by 742 shares in subsequent filings.