VYNE Therapeutics (VYNE) CSO covers taxes with 2,876 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
VYNE Therapeutics Inc.'s Chief Scientific Officer Stuart Iain reported a routine tax-related share disposition. On the vesting of restricted stock units, 2,876 shares of common stock were withheld by the company to satisfy tax withholding requirements at an indicated value of $0.5975 per share. After this non-market transaction, he directly holds 112,363 common shares, so the withholding reflects only a small portion of his overall position.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Stuart Iain
Role
CHIEF SCIENTIFIC OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,876 | $0.5975 | $2K |
Holdings After Transaction:
Common Stock — 112,363 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 2,876 shares
Per-share value for withholding: $0.5975 per share
Shares held after transaction: 112,363 shares
+1 more
4 metrics
Shares withheld for taxes
2,876 shares
Tax withholding on RSU vesting
Per-share value for withholding
$0.5975 per share
Assigned value for withheld common stock
Shares held after transaction
112,363 shares
Direct common stock ownership post-withholding
Tax-withholding transactions
1 transaction, 2,876 shares
Summary of tax withholding dispositions
Key Terms
restricted stock units, tax withholding requirements, withheld by the Issuer, tax-withholding disposition
4 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"
withheld by the Issuer financial
"Represents shares that have been withheld by the Issuer"
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 did VYNE (VYNE) Chief Scientific Officer Stuart Iain report in this Form 4?
Stuart Iain reported that 2,876 VYNE common shares were withheld to cover taxes on vesting restricted stock units. This was a non-market, tax-withholding disposition rather than an open-market sale, and he continues to hold 112,363 common shares directly.
What do the restricted stock units mentioned in the VYNE (VYNE) filing represent?
The restricted stock units represent equity awards that convert into common shares when vesting conditions are met. When they vested here, the company withheld 2,876 resulting shares to satisfy tax withholding, while the remaining vested shares increased the insider’s direct common share ownership.