Tax withholding updates Sensus Healthcare (SRTS) COO share holdings
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Sensus Healthcare, Inc. reported that Chief Operating Officer Magdalena Martinez had 741 shares of common stock withheld at $2.66 per share to satisfy withholding taxes arising from the vesting of restricted stock on December 19, 2023. After this tax-withholding disposition, she held 12,013 shares of common stock, including 7,500 shares of restricted stock, as of that date. The amended filing corrects a prior Form 4 that had understated her holdings as 9,759 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Martinez Magdalena
Role
CHIEF OPERATING OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 741 | $2.66 | $2K |
Holdings After Transaction:
Common Stock — 12,013 shares (Direct, null)
Footnotes (1)
- Represents shares withheld to pay reporting person's withholding tax obligation arising solely in connection with the vesting of restricted stock. On December 20, 2023, the reporting person filed a Form 4 which inadvertently reported that the reporting person owned 9,759 shares of the issuer's common stock as of December 19, 2023. In fact, the reporting person held 12,013 shares of the issuer's common stock (including 7,500 shares of restricted stock) as of December 19, 2023.
Key Figures
Shares withheld for taxes: 741 shares
Withholding price per share: $2.66 per share
Shares owned after transaction: 12,013 shares
+1 more
4 metrics
Shares withheld for taxes
741 shares
Tax-withholding disposition on December 19, 2023
Withholding price per share
$2.66 per share
Value used for tax-withholding shares
Shares owned after transaction
12,013 shares
Total common shares held as of December 19, 2023
Restricted stock included
7,500 shares
Restricted shares included in 12,013-share total
Key Terms
restricted stock, withholding tax obligation, Form 4, tax-withholding disposition
4 terms
restricted stock financial
"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.
withholding tax obligation financial
"shares withheld to pay reporting person's withholding tax obligation arising solely"
Form 4 regulatory
"the reporting person filed a Form 4 which inadvertently reported"
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.
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 Sensus Healthcare (SRTS) report for its COO?
Sensus Healthcare reported that COO Magdalena Martinez had 741 common shares withheld to cover taxes from restricted stock vesting. This was a tax-withholding disposition, not an open-market sale, and reflects routine handling of equity compensation obligations.
Was the Sensus Healthcare (SRTS) COO’s Form 4 amended for an error?
Yes. The amended Form 4 explains that a prior filing incorrectly showed 9,759 shares owned. In fact, Magdalena Martinez held 12,013 shares, including 7,500 restricted shares, as of December 19, 2023, and the amendment corrects this ownership figure.
Does the Sensus Healthcare (SRTS) COO’s tax withholding involve an open-market sale?
No. The 741 shares were withheld by Sensus Healthcare to satisfy the COO’s withholding tax obligation from vesting restricted stock. This is characterized as a tax-withholding disposition, not an open-market sale or discretionary trading decision.