Safe Pro Group (NASDAQ: SPAI) CFO uses 19,242 shares to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Safe Pro Group Inc. Chief Financial Officer Theresa Carlise reported a disposition of 19,242 shares of common stock on restricted stock unit vesting. The shares were withheld to pay taxes due on the vesting, rather than sold in an open-market transaction. After this tax-withholding event, she directly holds 300,758 shares of Safe Pro Group common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
CARLISE THERESA
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 19,242 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 300,758 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Safe Pro Group (SPAI) report for its CFO?
Safe Pro Group’s Chief Financial Officer Theresa Carlise reported a disposition of 19,242 shares. These shares were withheld to satisfy taxes due upon vesting of restricted stock unit awards, and not sold in an open-market transaction.
Was the SPAI CFO’s Form 4 transaction a stock sale on the market?
No, the Form 4 shows shares withheld for taxes, not a market sale. 19,242 shares of common stock were retained by the company to cover tax obligations when restricted stock units vested.
What does transaction code F mean in the SPAI CFO’s Form 4?
Transaction code F indicates a tax-related disposition of shares. In this case, 19,242 shares of Safe Pro Group common stock were withheld to pay taxes due upon vesting of restricted stock unit awards held by the CFO.
How does the SPAI Form 4 describe the CFO’s tax-withholding event?
The Form 4 footnote explains that shares were withheld for payment of taxes upon vesting of restricted stock unit awards. This means the company used 19,242 shares of common stock to satisfy the CFO’s tax liability for the vesting.