TaskUs (NASDAQ: TASK) CFO settles RSUs, withholds shares for tax obligations
Rhea-AI Filing Summary
TaskUs, Inc. Chief Financial Officer Balaji Sekar exercised restricted stock units into Class A common stock and had shares withheld to cover taxes. On March 26, 2026, 28,338 RSUs were converted into 28,338 shares of Class A common stock at a stated exercise price of $0.00 per share.
In connection with this settlement, 6,901 shares were withheld at $6.54 per share to satisfy tax withholding obligations, leaving Sekar with 230,059 shares of Class A common stock held directly after the transactions. The RSUs underlying these transactions vest annually over three years, with 33% on March 15, 2025, 33% on March 15, 2026, and 34% on March 15, 2027, and may be settled in stock, cash, or a combination.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 28,338 | $0.00 | -- |
| Exercise | Class A Common Stock | 28,338 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 6,901 | $6.54 | $45K |
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.
Key Figures
Key Terms
Restricted Stock Units financial
Class A common stock financial
contingent right financial
tax withholding obligations financial
derivative security financial
FAQ
What insider transaction did TaskUs (TASK) disclose for CFO Balaji Sekar?
What are the vesting terms of the TaskUs (TASK) RSUs in this filing?
Was this TaskUs (TASK) insider transaction an open-market sale or a tax withholding event?