OrthoPediatrics (KIDS) CEO share sale covers tax withholding on RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
OrthoPediatrics Corp President and CEO David R. Bailey reported an open-market sale of 19,535 shares of common stock at $17.25 per share. According to the disclosure, these shares were sold to satisfy tax withholding obligations triggered when restricted stock vested, rather than as a discretionary portfolio move.
After this transaction, Bailey directly holds 298,020 shares of OrthoPediatrics common stock, which includes 187,891 shares of restricted stock awards. The sale represents only a portion of his overall equity position in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 19,535 shares ($336,979)
Net Sell
1 txn
Insider
Bailey David R
Role
President and CEO
Sold
19,535 shs ($337K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 19,535 | $17.25 | $337K |
Holdings After Transaction:
Common Stock — 298,020 shares (Direct)
Footnotes (1)
- Shares sold to satisfy tax withholding obligations upon vesting of restricted shares. Includes restricted stock awards totaling 187,891 shares.
FAQ
What did OrthoPediatrics (KIDS) CEO David Bailey do in this insider transaction?
David R. Bailey sold 19,535 OrthoPediatrics shares at $17.25 each. The sale was specifically to cover tax withholding obligations tied to vesting restricted stock, rather than a discretionary reduction of his investment position.
Does this OrthoPediatrics (KIDS) CEO sale indicate a large change in his ownership?
The transaction involved 19,535 shares sold to cover tax withholding. After the sale, Bailey still holds 298,020 shares, including 187,891 restricted shares, so his overall ownership remains significant despite the tax-related disposition.
What type of transaction was reported for OrthoPediatrics (KIDS) CEO David Bailey?
The report shows an open-market sale of common stock coded as an “S” transaction. Footnotes clarify the sale’s purpose was to meet tax withholding obligations on vested restricted stock, rather than an ordinary voluntary share sale.