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, Inc., reported surrendering 2,683 shares of common stock to cover tax obligations related to vested restricted stock.
Summary
- On April 14, 2025, Chandan Basho, the COO and CFO of Astrana Health, Inc., surrendered 2,683 shares of common stock to cover tax withholding obligations.
- The shares were surrendered at a price of $34.05 per share.
- Following the transaction, Basho directly owns 188,675 shares of Astrana Health, Inc.
- This total includes unvested restricted stock and restricted stock units that will vest over the next few years, subject to continuous employment.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Future Outlook
The document outlines the vesting schedules for restricted stock and restricted stock units, indicating future equity compensation for the reporting person contingent upon continuous employment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard practice of covering tax obligations through share surrender.
Stakeholder Impact
- The transaction has a minor dilutive effect on existing shareholders due to the shares being used for tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/14/2025 | Date of the transaction where shares were surrendered to cover tax obligations; also the vesting date for some restricted stock. |
| 04/14/2026 | Vesting date for 7,214 shares of restricted stock. |
| 05/16/2025 | Vesting date for 4,561 shares of restricted stock and the first installment of 45,606 shares. |
| 05/16/2026 | Second annual installment vesting date for 45,606 shares of restricted stock. |
| 05/16/2027 | Third annual installment vesting date for 45,606 shares of restricted stock. |
| 09/05/2025 | Beginning date for vesting of 26,701 restricted stock units in eight equal semi-annual installments. |
| 10/02/2025 | Beginning date for vesting of 23,404 restricted stock units in six equal semi-annual installments. |
| 04/16/2025 | Date of the form filing. |
Keywords
Astrana Health, Chandan Basho, Form 4, Share Surrender, Tax Obligations, Restricted Stock, Stock Units, Beneficial Ownership
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