VYNE (VYNE) legal chief has 4,007 shares withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
VYNE Therapeutics Inc. chief legal officer Harsch Mutya reported a tax-related share disposition. On the vesting of restricted stock units, 4,007 shares of common stock were withheld by the company at $0.5975 per share to satisfy tax withholding requirements.
After this withholding, Mutya directly holds 121,898 shares of VYNE common stock. The transaction is classified as a tax-withholding disposition rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Harsch Mutya
Role
CHIEF LEGAL OFFICER AND GC
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 4,007 | $0.5975 | $2K |
Holdings After Transaction:
Common Stock — 121,898 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 4,007 shares
Withholding price: $0.5975 per share
Shares held after transaction: 121,898 shares
3 metrics
Shares withheld for taxes
4,007 shares
Tax-withholding disposition on RSU vesting, code F
Withholding price
$0.5975 per share
Value used for shares withheld to satisfy tax requirements
Shares held after transaction
121,898 shares
Direct common stock ownership after tax withholding
Key Terms
restricted stock units, tax withholding requirements, tax-withholding disposition
3 terms
restricted stock units financial
"in connection with the vesting 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.
tax withholding requirements financial
"withheld by the Issuer to satisfy tax withholding requirements"
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transaction did VYNE (VYNE) report for Harsch Mutya?
VYNE reported that chief legal officer Harsch Mutya had 4,007 common shares withheld to cover taxes on vesting restricted stock units. This Form 4 transaction is a tax-withholding disposition, not an open-market purchase or sale, and adjusts his net share holdings.
Was the VYNE (VYNE) insider transaction an open-market sale or purchase?
The transaction was not an open-market sale or purchase. It is coded “F” on Form 4, meaning shares were withheld by the issuer to pay tax liabilities on equity compensation, specifically vesting restricted stock units, rather than traded on the open market.
What does code “F” mean in the VYNE (VYNE) Form 4 filing?
Code “F” indicates payment of an exercise price or tax liability by delivering securities. In this VYNE Form 4, 4,007 shares of common stock were withheld by the company to cover tax withholding requirements tied to restricted stock unit vesting for the reporting officer.