Tax withholding slightly trims Kyntra Bio (KYNB) CFO share holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
KYNTRA BIO, INC. Chief Financial Officer David DeLucia reported a small tax-related share disposition. On the vesting of restricted stock units, 60 shares of common stock were withheld by the company to cover his tax obligations. After this withholding, he directly owns 4,429 common shares.
This was a tax-withholding disposition, not an open-market sale or purchase, so it mainly reflects routine equity compensation mechanics rather than a change in his investment view on the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DeLucia David
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 60 | $6.84 | $410.40 |
Holdings After Transaction:
Common Stock — 4,429 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Kyntra Bio (KYNB) report for its CFO?
Kyntra Bio reported that CFO David DeLucia had 60 common shares withheld to cover taxes on vesting restricted stock units. This was a tax-withholding disposition, not an open-market sale, and reflects routine equity compensation administration.
Was the Kyntra Bio (KYNB) CFO’s Form 4 a stock sale in the market?
No, the Form 4 shows a tax-withholding disposition, not a market sale. The company withheld 60 shares upon restricted stock unit vesting to satisfy his tax obligation, a common administrative step for equity awards.
What does transaction code "F" mean in the Kyntra Bio (KYNB) Form 4?
Transaction code "F" indicates shares were disposed of to pay an exercise price or tax liability. In this case, 60 Kyntra Bio shares were withheld by the issuer to cover CFO David DeLucia’s tax obligation from restricted stock unit vesting.
Is the Kyntra Bio (KYNB) CFO’s Form 4 transaction a significant ownership change?
The reported transaction is small, involving only 60 shares withheld for taxes. After this adjustment, CFO David DeLucia still directly owns 4,429 shares, so the filing reflects a routine administrative change, not a major shift in ownership.