XTNT (XTNT) COO reports 7,709-share tax-withholding disposition on RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Xtant Medical Holdings Chief Operating Officer Mark A. Schallenberger reported a tax-related share disposition. On this Form 4, 7,709 shares of common stock at $0.58 per share were withheld by the company to cover tax obligations upon vesting and settlement of restricted stock units. After this withholding, he reports ownership of 663,157 shares of common stock, which includes large blocks of RSU and DSU awards that will vest only if he remains employed through future vesting dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Schallenberger Mark A.
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 7,709 | $0.58 | $4K |
Holdings After Transaction:
Common Stock — 663,157 shares (Direct)
Footnotes (1)
- These shares were withheld by the Issuer to pay tax withholding obligations upon vesting and settlement of restricted stock unit awards. Includes an aggregate of 523,794 shares issuable upon vesting and settlement of restricted stock unit (RSU) awards or DSU awards granted under the Xtant Medical Holdings, Inc. Amended and Restated 2023 Equity Incentive Plan and 22,250 shares issuable upon vesting and settlement of RSU awards granted under the Xtant Medical Holdings, Inc. Amended and Restated 2018 Equity Incentive Plan, in each case conditioned upon the Reporting Person remaining an employee of Xtant through the applicable vesting dates.
FAQ
What insider transaction did XTNT COO Mark Schallenberger report on this Form 4?
Mark Schallenberger reported a tax-withholding disposition of 7,709 XTNT common shares. The issuer withheld these shares at $0.58 each to satisfy tax obligations that arose when restricted stock unit awards vested and settled.
What equity awards are included in Mark Schallenberger’s reported XTNT holdings?
His reported holdings include 523,794 shares issuable upon vesting and settlement of RSU or DSU awards under the 2023 Equity Incentive Plan and 22,250 shares issuable under the 2018 Equity Incentive Plan, all conditioned on continued employment through applicable vesting dates.
What does transaction code F mean in the XTNT Form 4 filing?
Transaction code F indicates payment of exercise price or tax liability by delivering securities. In this XTNT filing, it reflects the issuer withholding 7,709 common shares to satisfy tax withholding obligations when restricted stock unit awards vested and settled.