Treace Medical Concepts (TMCI) officer uses 16,253 shares for tax or exercise costs
Rhea-AI Filing Summary
TREACE MEDICAL CONCEPTS, INC. reported that officer Scot Michael Elder, Chief Legal & Compliance Officer and Corporate Secretary, had 16,253 shares of common stock disposed of in a code F transaction, representing shares delivered or withheld for payment of an exercise price or tax liability. Following this transaction, Elder directly held 778,683 common shares, which the company notes include 590,697 restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 16,253 shares
Net Sell
1 txn
Insider
Elder Scot Michael
Role
Chief Legl & Comp Off, CorpSec
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock F1 | 16,253 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 778,683 shares (Direct)
Footnotes (1)
- F1. Includes 590,697 restricted stock units.
Key Figures
Code F shares delivered/withheld: 16,253 shares
Shares held after transaction: 778,683 shares
Restricted stock units included: 590,697 units
3 metrics
Code F shares delivered/withheld
16,253 shares
Shares used for payment of exercise price or tax liability in common stock transaction
Shares held after transaction
778,683 shares
Direct common stock holdings of Scot Michael Elder following the code F transaction
Restricted stock units included
590,697 units
Restricted stock units included within Elder’s post-transaction total holdings
Key Terms
restricted stock units, code F transaction, exercise price or tax liability
3 terms
restricted stock units financial
"Includes 590,697 restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
code F transaction financial
"The filing classifies the transaction under code F"
exercise price or tax liability financial
"payment of an exercise price or tax liability"
FAQ
What insider transaction did TMCI executive Scot Michael Elder report?
Scot Michael Elder reported a code F transaction involving 16,253 shares of Treace Medical Concepts common stock, delivered or withheld to cover an exercise price or tax liability, rather than an open-market sale or purchase.
Was the TMCI Form 4 transaction by Scot Michael Elder a market sale?
The filing classifies the transaction under code F, meaning 16,253 shares were delivered or withheld to pay an exercise price or tax liability, rather than being sold in a standard open-market transaction.
What does the footnote on Scot Michael Elder’s TMCI holdings explain?
The footnote explains that Elder’s post-transaction holdings of 778,683 shares include 590,697 restricted stock units, clarifying that a substantial portion of his reported position consists of unvested or contingent equity awards.
Does the TMCI Form 4 indicate any derivative option exercises by Scot Michael Elder?
The Form 4 reports only a non-derivative code F transaction in common stock for 16,253 shares, with no separate derivative transactions or option exercises listed in the derivative transaction section.
AI-generated analysis. How Rhea-AI works. Not financial advice.