Form 4: Astrana Health COO Chandan Basho Reports Share Surrender for Tax Obligations
SEC Form 4 Filing
Chandan Basho, COO and CFO of Astrana Health, surrendered 1,394 shares to cover tax obligations related to vested restricted stock units.
Summary
- On April 2, 2025, Chandan Basho, the COO and CFO of Astrana Health, Inc., surrendered 1,394 shares of common stock to cover tax withholding obligations.
- The shares were surrendered at a price of $30.02 per share.
- Following the transaction, Basho directly owns 191,358 shares, which includes unvested restricted stock and restricted stock units vesting over the next few years.
Sentiment
Score: 5
Explanation: This is a neutral event. It reflects standard compensation practices and tax obligations, with no indication of positive or negative sentiment regarding the company's prospects.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment with company performance.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 04/02/2025 | Date of the transaction: Chandan Basho surrendered 1,394 shares for tax obligations. |
| 04/02/2025 | Vesting date for restricted stock units that triggered the tax obligation. |
| 04/03/2025 | Date of signature on the Form 4 filing. |
| 04/14/2025 | First vesting date for 14,427 shares of unvested restricted stock. |
| 05/16/2025 | Vesting date for 4,561 shares of unvested restricted stock. |
| 05/16/2025 | First vesting date for 45,606 shares of unvested restricted stock. |
| 09/05/2025 | First vesting date for 26,701 restricted stock units. |
| 10/02/2025 | First vesting date for 23,404 restricted stock units. |
| 04/14/2026 | Second vesting date for 14,427 shares of unvested restricted stock. |
| 05/16/2026 | Second vesting date for 45,606 shares of unvested restricted stock. |
| 05/16/2027 | Third vesting date for 45,606 shares of unvested restricted stock. |
Keywords
Form 4, Insider Trading, Share Surrender, Restricted Stock Units, Tax Withholding, Astrana Health, ASTH, Chandan Basho, COO, CFO
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