Getty Images (GETY) CTO sells shares to cover RSU tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Getty Images Holdings Chief Technology Officer Nathaniel Gandert reported an open-market sale of 21,349 shares of Class A common stock at a weighted average price of $0.78 per share. The trades were executed between $0.76 and $0.82 per share.
According to the footnote, these non-discretionary sales were made to cover mandatory tax withholding obligations related to the vesting and settlement of restricted stock units and performance restricted stock units, under instructions in Rule 10b5-1 award agreements dated March 16, 2023. After this transaction, Gandert directly holds 590,242 shares of Getty Images Holdings common stock.
Positive
- None.
Negative
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Insider Trade Summary 10b5-1
Net Seller: 21,349 shares ($16,652)
Net Sell
1 txn
Insider
Gandert Nathaniel
Role
Chief Technology Officer
Sold
21,349 shs ($17K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 21,349 | $0.78 | $17K |
Holdings After Transaction:
Class A Common Stock — 590,242 shares (Direct)
Footnotes (1)
- The non-discretionary sales to cover mandatory tax withholding obligations in connection with the vesting and settlement of restricted stock units and performance restricted stock units reported in this Form 4 were effected pursuant to Rule 10b5-1 trading plan instructions adopted in connection by the Reporting Person in award agreements, dated March 16, 2023, for the respective equity grants. This transaction was executed in multiple trades at prices ranging from $.76 to $.82. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.
FAQ
What insider transaction did Getty Images (GETY) report for Nathaniel Gandert?
Getty Images reported that CTO Nathaniel Gandert sold 21,349 shares of Class A common stock at a weighted average price of $0.78 per share. The transaction was an open-market sale linked to equity award tax withholding obligations.
At what prices did Nathaniel Gandert’s Getty Images (GETY) trades occur?
The transaction was executed in multiple trades at prices ranging from $0.76 to $0.82 per share. The Form 4 reports a weighted average sale price of $0.78 per share for the 21,349 shares of Class A common stock sold.
What type of Getty Images security did Nathaniel Gandert sell in this Form 4?
The Form 4 shows that Nathaniel Gandert sold Class A common stock of Getty Images Holdings. The transaction involved 21,349 shares of this non-derivative security, executed as an open-market or private sale to satisfy tax withholding on vested equity awards.