Form 4: Astrana Health COO Chandan Basho Reports Share Surrender for Tax Obligations
SEC Form 4
Chandan Basho, COO and CFO of Astrana Health, surrendered 10,035 shares of common stock to cover tax obligations related to vested restricted stock.
Summary
- On May 16, 2025, Chandan Basho, the COO and CFO of Astrana Health, Inc., surrendered 10,035 shares of common stock to satisfy tax withholding obligations.
- The shares were surrendered at a price of $27.18 per share.
- Following the transaction, Basho directly owns 178,640 shares of Astrana Health, Inc.
- These holdings include unvested restricted stock and restricted stock units that will vest over the next few years, contingent upon continuous employment with the Issuer.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The document outlines the vesting schedule for restricted stock and restricted stock units held by the COO and CFO, indicating future compensation and potential equity ownership changes.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies. It provides transparency regarding insider transactions and holdings.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the surrender of shares for tax purposes, not a sale on the open market.
Key Dates
| Date | Description |
|---|---|
| 05/16/2025 | Date of the transaction where shares were surrendered to cover tax obligations and restricted stock vested. |
| 05/19/2025 | Date of signature of the Form 4 filing. |
| 04/14/2026 | 7,214 shares of restricted stock will vest. |
| 05/16/2026 | First installment of 30,404 shares of restricted stock will vest. |
| 05/16/2027 | Second installment of 30,404 shares of restricted stock will vest. |
| 10/02/2025 | First semi-annual installment of 23,404 restricted stock units will vest. |
| 09/05/2025 | First semi-annual installment of 26,701 restricted stock units will vest. |
Keywords
Astrana Health, Chandan Basho, Form 4, Share Surrender, Tax Obligations, Restricted Stock, Officer Transaction
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