AdaptHealth (AHCO) CTO exercises options and uses shares for tax withholding
Rhea-AI Filing Summary
AdaptHealth Corp. Chief Technology Officer Albert A. Prast exercised employee stock options to acquire 89,451 shares of common stock at $4.38 per share. To cover associated obligations, 58,203 shares of common stock were surrendered at $10.33 per share as a tax-withholding disposition. After these compensation-related transactions, Prast directly owns 474,155 shares of AdaptHealth common stock, reflecting a routine option exercise with part of the shares withheld rather than sold in the open market.
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Insights
CTO exercised options and used shares to cover taxes, with remaining holdings still sizable.
Albert A. Prast, Chief Technology Officer of AdaptHealth Corp., exercised employee stock options covering 89,451 shares of common stock at an exercise price of $4.38 per share. This converted a derivative award into direct share ownership.
On the same date, 58,203 shares of common stock were disposed of at $10.33 per share through a tax-withholding mechanism. This F-code disposition reflects shares withheld to satisfy obligations, not an open-market sale, so it carries limited signaling value about sentiment.
Following these transactions, Prast directly holds 474,155 shares of common stock, with no remaining options from this grant shown. The visible pattern is a standard exercise-plus-tax-withholding event, typical of executive equity compensation rather than a discretionary market trade.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 89,451 | $0.00 | -- |
| Exercise | Common Stock | 89,451 | $4.38 | $392K |
| Tax Withholding | Common Stock | 58,203 | $10.33 | $601K |