TaskUs (NASDAQ: TASK) CEO boosts equity stake with RSU exercise and tax withholding
Rhea-AI Filing Summary
TaskUs, Inc. Chief Executive Officer Bryce Maddock exercised restricted stock units into Class A common stock and increased his direct holdings. He converted 92,696 restricted stock units into 92,696 shares of Class A common stock at a conversion price of $0.00 per share.
To cover tax withholding obligations on this settlement, 36,476 Class A shares were withheld at a price of $6.54 per share, which reduced the net shares he received. After these transactions, Maddock directly holds 1,246,464 Class A shares. Additional Class A shares are held indirectly through The Bryce Maddock Family Trust and two Maddock 2015 irrevocable trusts, where he serves as trustee or business trustee.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 92,696 | $0.00 | -- |
| Exercise | Class A Common Stock | 92,696 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 36,476 | $6.54 | $239K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of Class A common stock of the Issuer. The RSUs will be settled in either Class A common stock of the Issuer or cash (or a combination thereof). These RSUs vest annually over three years as follows: 33% on March 15, 2025; 33% on March 15, 2026; and 34% on March 15, 2027. Represents shares withheld in connection with the settlement of vested restricted stock units to cover tax withholding obligations. Reflects securities held by The Bryce Maddock Family Trust, of which the Reporting Person is the trustee. Reflects securities held by The Maddock 2015 Irrevocable Trust, of which the Reporting Person is the business trustee. Reflects securities held by The Maddock 2015 Exempt Irrevocable Trust, of which the Reporting Person is the business trustee.
Key Figures
Key Terms
Restricted Stock Units financial
tax withholding obligations financial
Family Trust financial
Irrevocable Trust financial
Exercise or conversion of derivative security financial
FAQ
What did TaskUs (TASK) CEO Bryce Maddock report in this Form 4?
What are Bryce Maddock’s direct TaskUs (TASK) Class A holdings after the transactions?
How many restricted stock units did the TaskUs (TASK) CEO convert?