TechTarget (TTGT) insider sale tied to tax bill, 35,753 shares left
Rhea-AI Filing Summary
TechTarget, Inc. (TTGT) insider Rennick Charles D, Vice President, General Counsel and Corporate Secretary of Informa TechTarget, reported a sale of 3,388 shares of common stock on August 21, 2026 at an average price of $3.85 per share. A footnote explains this was a non-discretionary "sell to cover" transaction to satisfy withholding taxes tied to settlement of previously reported restricted stock units, rather than an elective sale. After this transaction, his directly held beneficial ownership is reported as 35,753 shares, correcting a prior Form 4 that overstated holdings by 3 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,388 shares
Net Sell
1 txn
Insider
Rennick Charles D
Role
See Remarks
Sold
3,388 shs ($13K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2, F3 | 3,388 | $3.85 | $13K |
Holdings After Transaction:
Common Stock — 35,753 shares (Direct)
Footnotes (3)
- F1. Reflects a "sell to cover" transaction to cover withholding taxes due in connection with the Company's delivery to the Reporting Person of shares in settlement of restricted stock units, the vesting of which was previously reported on a Form 4 filed August 17, 2026. This "sell to cover" transaction in order to satisfy tax obligations does not represent a discretionary transaction by the Reporting Person.
- F2. The price reflected is the average price per share for the transactions that are aggregated and reported on the line. Shares ranged in price from $3.85 to $3.86. The Reporting Person will provide to the Commission, the issuer and any stockholder, upon request, full information regarding the number of shares purchased or sold at each separate price.
- F3. On August 17, 2026, the Reporting Person filed a Form 4 that contained a scrivener's error that resulted in the number of shares beneficially owned directly by the Reporting Person to be overstated by 3 shares. This Form 4 corrects the amount of securities beneficially owned after the reported transaction as 35,753.
Key Figures
Shares sold: 3,388 shares
Average sale price per share: $3.85 per share
Sale price range: $3.85 to $3.86 per share
+2 more
5 metrics
Shares sold
3,388 shares
Common stock sold on August 21, 2026 in a sell-to-cover transaction
Average sale price per share
$3.85 per share
Average price for aggregated sales on August 21, 2026
Sale price range
$3.85 to $3.86 per share
Range of individual trade prices within the aggregated sale
Shares owned after transaction
35,753 shares
Directly beneficially owned common stock following the reported sale
Net shares sold
3,388 shares
Net sell direction across all transactions reported in this Form 4
Key Terms
sell to cover, restricted stock units, scrivener's error
3 terms
sell to cover financial
"Reflects a "sell to cover" transaction to cover withholding taxes"
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
restricted stock units financial
"delivery to the Reporting Person of shares in settlement of 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.
scrivener's error regulatory
"contained a scrivener's error that resulted in the number of shares"
FAQ
What insider transaction did TTGT executive Rennick Charles D report?
Rennick Charles D reported a sale of 3,388 shares of TechTarget, Inc. common stock on August 21, 2026, coded as a sale in an open market or private transaction, tied to tax withholding for vested restricted stock units.
Was this TTGT insider sale made under a Rule 10b5-1 trading plan?
The document-level Rule 10b5-1 checkbox is not checked (aff_10b5_one is false), and the footnotes describe the transaction as a sell to cover for tax withholding, not as a sale under a pre-arranged 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.