Talkspace (TALK) CLO sells 55,144 shares; RSU vesting triggers tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Talkspace, Inc. Chief Legal Officer and Secretary John Charles Reilly reported selling shares of the company’s common stock. On June 12, 2026, he completed open-market sales totaling 55,144 shares at prices of $5.21 and $5.22 per share. An additional 17,574 shares were withheld by the issuer at $5.23 per share to cover tax obligations tied to previously reported restricted stock unit vesting. Following these transactions, individual line items in the filing show direct holdings between 1,057,975 and 1,113,219 Talkspace common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 55,144 shares ($287,309)
Net Sell
3 txns
Insider
Reilly John Charles
Role
Chief Legal Officer, Secretary
Sold
55,144 shs ($287K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 17,574 | $5.23 | $92K |
| Sale | Common Stock | 900 | $5.22 | $5K |
| Sale | Common Stock | 54,244 | $5.21 | $283K |
Holdings After Transaction:
Common Stock — 1,113,219 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Open-market sale 1: 54,244 shares at $5.21
Open-market sale 2: 900 shares at $5.22
Tax-withholding shares: 17,574 shares at $5.23
+4 more
7 metrics
Open-market sale 1
54,244 shares at $5.21
Common Stock, June 12, 2026, non-derivative S code
Open-market sale 2
900 shares at $5.22
Common Stock, June 12, 2026, non-derivative S code
Tax-withholding shares
17,574 shares at $5.23
Withheld for RSU tax obligations, F code
Holdings after sale line 1
1,057,975 shares
Total shares following first reported sale
Holdings after sale line 2
1,112,219 shares
Total shares following second reported sale
Holdings after tax-withholding line
1,113,219 shares
Total shares following F-code disposition
Net sell shares
55,144 shares
Net open-market sales per transaction summary
Key Terms
open-market sale, tax-withholding disposition, restricted stock units ("RSUs"), non-derivative, +1 more
5 terms
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
restricted stock units ("RSUs") financial
"in connection with the vesting of restricted stock units ("RSUs") previously reported"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
non-derivative financial
"transaction_type": "non-derivative""
net-sell financial
"netBuySellDirection": "net-sell""
FAQ
What insider transaction did Talkspace (TALK) report for John Charles Reilly?
Talkspace reported that Chief Legal Officer John Charles Reilly sold common stock in open-market transactions. The Form 4 shows sales totaling 55,144 shares on June 12, 2026, at prices around $5.21–$5.22 per share, plus a separate tax-related share withholding.
What does the tax-withholding transaction mean in the Talkspace (TALK) Form 4?
The Form 4 includes an F-code transaction where 17,574 shares were withheld at $5.23 per share. A footnote explains these shares were retained by the issuer to satisfy tax withholding obligations from vesting restricted stock units, not sold in the open market.
Is the Talkspace (TALK) insider transaction a buy or sell action overall?
Overall, the disclosed activity is a net sale of Talkspace common stock. The transaction summary shows two open-market sale entries totaling 55,144 shares and one tax-withholding disposition of 17,574 shares, with no share purchases or option exercises reported in this filing.