zSpace (ZSPC) officer sells 7,586 shares to cover RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
zSpace, Inc. officer Michael S. Harper reported an open-market sale of 7,586 shares of common stock at a weighted average price of $0.074 per share. According to the filing, the shares were sold solely to cover tax obligations from a prior vesting of restricted stock units. After this transaction, he directly holds 47,811 shares of zSpace common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 7,586 shares ($561)
Net Sell
1 txn
Insider
HARPER MICHAEL S
Role
See remarks
Sold
7,586 shs ($561.36)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 7,586 | $0.074 | $561.36 |
Holdings After Transaction:
Common Stock — 47,811 shares (Direct)
Footnotes (1)
- The securities reported herein were sold to cover the reporting person's tax obligations arising out of a prior vesting of restricted stock units, as originally reported by the reporting person in a Form 4 filed with the Securities and Exchange Commission (the "SEC") on April 6, 2026. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.0702 to $0.0790, inclusive. The reporting person undertakes to provide to zSpace, Inc. (the "Issuer"), any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.
Key Figures
Shares sold: 7,586 shares
Weighted average sale price: $0.074 per share
Post-transaction holdings: 47,811 shares
+2 more
5 metrics
Shares sold
7,586 shares
Open-market sale on 2026-04-07
Weighted average sale price
$0.074 per share
Common Stock transaction code S
Post-transaction holdings
47,811 shares
Shares of zSpace common stock held directly
Price range of sales
$0.0702–$0.0790
Multiple trades within stated range
Net insider share change
-7,586 shares
Net-sell direction in transaction summary
Key Terms
restricted stock units, weighted average price, open-market sale, Form 4, +1 more
5 terms
restricted stock units financial
"tax obligations arising out of a prior 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.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Form 4 regulatory
"as originally reported by the reporting person in a Form 4 filed"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
transaction code "S" regulatory
"transaction_code: "S" indicating a sale in open market or private transaction"
FAQ
What insider transaction did zSpace (ZSPC) report for Michael S. Harper?
zSpace officer Michael S. Harper reported selling 7,586 shares of common stock in an open-market transaction at a weighted average price of $0.074 per share. The Form 4 states the sale was made specifically to cover tax obligations from a prior vesting of restricted stock units.
Was Michael S. Harper’s zSpace (ZSPC) sale an open-market transaction?
Yes. The Form 4 classifies the transaction with code “S” and describes it as an open-market or private sale of common stock. The weighted average price of $0.074 per share and the specified trading range indicate ordinary market executions rather than a structured derivative or off-market arrangement.
Does the Form 4 mention restricted stock units for zSpace (ZSPC)?
Yes. A footnote states the sale was undertaken to cover tax obligations from a prior vesting of restricted stock units previously reported on an earlier Form 4. This links the current sale directly to compensation-related equity vesting rather than a standalone trading decision.