Talkspace (TALK) CEO Cohen has 99,720 RSU shares withheld for tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Talkspace, Inc. Chief Executive Officer Jon R. Cohen reported a compensation-related share transaction. On the vesting of previously reported restricted stock units, the company withheld 99,720 shares of common stock at $5.23 per share to satisfy applicable tax withholding obligations. This was not an open-market sale. Following the withholding, Cohen directly holds 2,851,880 shares of Talkspace common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cohen Jon R
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 99,720 | $5.23 | $522K |
Holdings After Transaction:
Common Stock — 2,851,880 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 99,720 shares
Tax valuation price: $5.23 per share
Shares held after transaction: 2,851,880 shares
3 metrics
Shares withheld for taxes
99,720 shares
Withheld to satisfy tax obligations on RSU vesting
Tax valuation price
$5.23 per share
Value used for 99,720 withheld shares
Shares held after transaction
2,851,880 shares
CEO Jon R. Cohen direct holdings following withholding
Key Terms
restricted stock units ("RSUs"), tax withholding obligations, Form 4
3 terms
restricted stock units ("RSUs") financial
"in connection with the vesting of restricted stock units ("RSUs") previously reported"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
tax withholding obligations financial
"withheld by the issuer to satisfy applicable tax withholding obligations in connection with the vesting"
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
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.
FAQ
What did Talkspace (TALK) CEO Jon R. Cohen report in this Form 4?
Talkspace CEO Jon R. Cohen reported shares withheld to cover taxes on vested RSUs. The company withheld 99,720 common shares at $5.23 per share, a routine compensation-related event rather than an open-market trade.
Was this Talkspace (TALK) CEO transaction an open-market stock sale?
No, this was not an open-market sale. The 99,720 Talkspace shares were withheld by the company to satisfy tax withholding obligations from RSU vesting, a standard mechanism that does not involve trading shares on the open market.