Climb Global Solutions (CLMB) CEO has 1,652 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Climb Global Solutions, Inc. Chief Executive Officer Dale Richard Foster reported a Form 4 transaction where 1,652 shares of common stock were withheld at the vesting of restricted stock to cover tax obligations at $121.05 per share, leaving him with 74,423 directly owned shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Foster Dale Richard
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,652 | $121.05 | $200K |
Holdings After Transaction:
Common Stock — 74,423 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did Climb Global Solutions (CLMB) report on this Form 4?
Climb Global Solutions reported its CEO, Dale Richard Foster, had 1,652 common shares withheld in a Form 4 transaction. The shares were taken at restricted stock vesting to satisfy tax obligations, rather than through an open-market sale.
Was the Climb Global Solutions (CLMB) CEO’s Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. The 1,652 shares were withheld at the vesting of restricted stock solely to meet Dale Richard Foster’s tax obligations, as described in the Form 4 footnote.
What does transaction code F mean in the Climb Global Solutions (CLMB) Form 4?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. Here, 1,652 Climb Global Solutions shares were withheld at restricted stock vesting to satisfy the CEO’s tax obligations.
What type of security was involved in the Climb Global Solutions (CLMB) Form 4 filing?
The Form 4 transaction involved Climb Global Solutions common stock. Shares were withheld at the vesting of restricted stock for tax-withholding purposes, rather than being bought or sold on the open market.