WhiteFiber (WYFI) president has 8,490 shares sold to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WhiteFiber, Inc. President Billy Krassakopoulos reported a routine tax‑withholding share disposition. On April 28, 2026, 8,490 Ordinary Shares were sold by the issuer at an average price of $15.48 solely to cover tax obligations from RSU vesting.
Footnotes state this was not a discretionary sale by the reporting person. After this transaction, Krassakopoulos directly holds 18,937 Ordinary Shares, and no derivative positions are shown in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Krassakopoulos Billy
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Ordinary Shares, $.01 par value | 8,490 | $0.00 | -- |
Holdings After Transaction:
Ordinary Shares, $.01 par value — 18,937 shares (Direct, null)
Footnotes (1)
- Represents Ordinary Shares sold by the issuer solely to satisfy tax withholding obligations in connection with the net issuance of Ordinary Shares delivered to the Reporting Person on March 16, 2026, from the vesting of RSUs, and does not represent a sale by the Reporting Person These shares were sold at $15.48 the average market price on April 28, 2026. This does not represent a discretionary transaction by a reporting person.
Key Figures
Shares sold for tax withholding: 8,490 shares
Average sale price: $15.48 per share
Shares held after transaction: 18,937 shares
+1 more
4 metrics
Shares sold for tax withholding
8,490 shares
Ordinary Shares sold on April 28, 2026 to satisfy tax obligations
Average sale price
$15.48 per share
Average market price on April 28, 2026
Shares held after transaction
18,937 shares
Direct ownership following April 28, 2026 Form 4 transaction
Tax withholding shares
8,490 shares
Transaction code F, tax withholding disposition per Form 4 summary
Key Terms
tax withholding obligations, RSUs, net issuance, non-derivative, +1 more
5 terms
tax withholding obligations financial
"sold by the issuer solely to satisfy tax withholding obligations in connection with the net issuance"
RSUs financial
"delivered to the Reporting Person on March 16, 2026, from the vesting of RSUs"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
net issuance financial
"solely to satisfy tax withholding obligations in connection with the net issuance of Ordinary Shares"
non-derivative financial
"transaction_type": "non-derivative""
transaction code F regulatory
"transaction_code": "F""
FAQ
What insider transaction did WhiteFiber (WYFI) report for Billy Krassakopoulos?
WhiteFiber reported that 8,490 Ordinary Shares were sold on April 28, 2026 to satisfy tax withholding obligations from RSU vesting. Footnotes clarify this sale was executed by the issuer and not a discretionary sale by President Billy Krassakopoulos.
Was the WhiteFiber (WYFI) Form 4 sale by President Billy Krassakopoulos discretionary?
The Form 4 specifies the transaction was not discretionary. Shares were sold by the issuer solely to cover tax withholding for vested RSUs, meaning Krassakopoulos did not choose sale timing or amount as a market trade decision.
What does the F transaction code mean in the WhiteFiber (WYFI) Form 4?
In this Form 4, the F code indicates a tax‑withholding disposition. The issuer sold 8,490 shares on behalf of the reporting person to cover tax liabilities from RSU vesting, rather than an open‑market sale initiated by the insider.