TaskUs (NASDAQ: TASK) president nets shares after RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TaskUs, Inc. president Jaspar Weir exercised 13,242 restricted stock units into Class A common shares. The RSUs carried a $0.00 exercise price and convert one-for-one into Class A stock, with vesting scheduled in three annual installments through March 15, 2027.
To cover tax obligations on the vesting, 3,225 Class A shares were withheld at $6.54 per share rather than sold on the open market. After these transactions, Weir holds 1,035,891 Class A shares directly, and additional Class A shares are reported as held indirectly through several family trusts for which he serves as trustee or business trustee.
Positive
- None.
Negative
- None.
Insider Trade Summary
13,242 shares exercised/converted
Mixed
6 txns
Insider
Weir Jaspar
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 13,242 | $0.00 | -- |
| Exercise | Class A Common Stock | 13,242 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 3,225 | $6.54 | $21K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 13,644 shares (Direct);
Class A Common Stock — 1,039,116 shares (Direct);
Class A Common Stock — 1,204,407 shares (Indirect, See Footnote)
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of Class A common stock of the Issuer. The RSUs will be settled in either Class A common stock of the Issuer or cash (or a combination thereof). These RSUs vest annually over three years as follows: 33% on March 15, 2025; 33% on March 15, 2026; and 34% on March 15, 2027. Represents shares withheld in connection with the settlement of vested restricted stock units to cover tax withholding obligations. Reflects securities held by The Weir 2015 Irrevocable Trust, of which the Reporting Person is the business trustee. Reflects securities held by Jasper Weir Family Trust, of which the Reporting Person is the trustee. Reflects securities held by The Weir 2015 Exempt Irrevocable Trust, of which the Reporting Person is the business trustee.
Key Figures
RSUs exercised: 13,242 units
Tax withholding shares: 3,225 shares at $6.54
Direct Class A holdings: 1,035,891 shares
+4 more
7 metrics
RSUs exercised
13,242 units
Converted into Class A common stock at $0.00 exercise price
Tax withholding shares
3,225 shares at $6.54
Shares withheld to cover tax obligations on vested RSUs
Direct Class A holdings
1,035,891 shares
Direct ownership after RSU exercise and tax withholding
Indirect holdings trust 1
1,204,407 shares
Class A shares held by The Weir 2015 Irrevocable Trust
Indirect holdings family trust
1,118,320 shares
Class A shares held by Jasper Weir Family Trust
Indirect holdings exempt trust
129,936 shares
Class A shares held by The Weir 2015 Exempt Irrevocable Trust
RSU vesting schedule
33%, 33%, 34%
Vests on March 15, 2025; March 15, 2026; March 15, 2027
Key Terms
Restricted Stock Units, tax withholding obligations, business trustee, family trust, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share of Class A common stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"Represents shares withheld in connection with the settlement of vested restricted stock units to cover tax withholding obligations"
business trustee financial
"Reflects securities held by The Weir 2015 Irrevocable Trust, of which the Reporting Person is the business trustee"
family trust financial
"Reflects securities held by Jasper Weir Family Trust, of which the Reporting Person is the trustee"
indirect ownership financial
"Class A Common Stock ... ownership_type: "indirect" with nature_of_ownership "See Footnote""
FAQ
What insider transaction did TaskUs (TASK) president Jaspar Weir report?
Jaspar Weir reported exercising 13,242 restricted stock units into Class A common shares. These RSUs convert one-for-one into stock at a $0.00 exercise price, reflecting compensation vesting rather than an open-market purchase of TaskUs shares.
How do the TaskUs (TASK) restricted stock units for Jaspar Weir vest over time?
Each restricted stock unit represents a contingent right to one Class A share and vests annually over three years: 33% on March 15, 2025, 33% on March 15, 2026, and 34% on March 15, 2027, aligning vesting with a multi-year service period.