Bark (BARK) CRO has 3,756 shares withheld to cover RSU tax bill
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bark, Inc. Chief Revenue Officer Michael Scott Black reported a routine tax-related share disposition. On the event date, the issuer withheld 3,756 shares of common stock at $0.78 per share to cover tax obligations from a restricted stock unit vesting, which the footnote states was not an open-market sale. After this withholding, he directly owned 1,307,943 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Black Michael Scott
Role
Chief Revenue Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,756 | $0.78 | $3K |
Holdings After Transaction:
Common Stock — 1,307,943 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did Bark (BARK) report for Michael Scott Black?
Bark’s Chief Revenue Officer Michael Scott Black reported a tax-related share disposition. The company withheld common shares to cover taxes from a restricted stock unit vesting, and the filing clarifies this was not an open-market sale of stock.
Does the Bark (BARK) Form 4 show an open-market sale by the CRO?
No, the Form 4 explicitly states there was no open-market sale. The 3,756 shares were withheld by the issuer solely to satisfy tax withholding obligations from a restricted stock unit vesting and settlement event, not a discretionary market transaction.
What triggered the tax withholding reported in Bark (BARK) Chief Revenue Officer’s Form 4?
The tax withholding was triggered by a vesting and settlement event from a restricted stock unit award. To satisfy resulting tax obligations, the issuer withheld 3,756 common shares instead of conducting an open-market sale, as clarified in the filing’s footnote.