Form 4: Astrana Health COO Chandan Basho Reports Stock Disposals to Cover Tax Obligations
SEC Form 4 Filing
Chandan Basho, COO and CFO of Astrana Health, Inc., reported disposing of shares to cover tax withholding obligations related to vested restricted stock.
Summary
- On March 29, 2024, Chandan Basho disposed of 6,507 shares of Common Stock at a price of $41.99 to cover tax obligations.
- On April 14, 2024, Chandan Basho disposed of 7,993 shares of Common Stock at a price of $40.72 to cover tax obligations.
- Following these transactions, Basho directly owns 158,283 shares of Astrana Health, Inc.
- This includes 84,356 shares of unvested restricted stock that will vest in installments through 2027 and 15,692 restricted stock units vesting semi-annually beginning October 2, 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with neutral sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors.
Stakeholder Impact
- The transactions have a minimal impact on shareholders, as they are related to tax obligations and do not represent a change in the company's fundamentals.
Key Dates
| Date | Description |
|---|---|
| 03/29/2024 | Disposal of 6,507 shares of Common Stock to cover tax obligations. |
| 04/02/2024 | Grant date of 15,692 restricted stock units, as previously disclosed in a Form 4 filed on April 4, 2024. |
| 04/04/2024 | Previous Form 4 filing disclosing the grant of 15,692 restricted stock units. |
| 04/14/2024 | Disposal of 7,993 shares of Common Stock to cover tax obligations; first vesting date of some restricted stock. |
| 04/14/2025 | Next vesting date of 14,427 shares of restricted stock. |
| 04/14/2026 | Final vesting date of 14,427 shares of restricted stock. |
| 04/19/2024 | Date of signature on the Form 4 filing. |
| 05/16/2024 | First vesting date of 9,121 and 60,808 shares of restricted stock. |
| 05/16/2025 | Next vesting date of 9,121 and 60,808 shares of restricted stock. |
| 05/16/2026 | Next vesting date of 60,808 shares of restricted stock. |
| 05/16/2027 | Final vesting date of 60,808 shares of restricted stock. |
| 10/02/2024 | First semi-annual vesting date of 15,692 restricted stock units. |
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