Form 4: BioAtla CEO Jay Short Reports Routine Share Withholding

BioAtla's CEO, Jay M. Short, reported a routine transaction involving shares withheld for tax obligations related to vested restricted stock units.

Summary

• Jay M. Short, who serves as Chief Executive Officer, Director, and a 10% Owner of BioAtla, Inc. (BCAB), filed a Form 4.
• The filing details a transaction on August 31, 2025, where 6,347 shares of Common Stock were withheld by the issuer.
• These shares were withheld to satisfy income tax and withholding obligations in connection with the vesting and net settlement of previously reported restricted stock units.
• The price per share for the withheld shares was $0.4555.
• This transaction is explicitly stated not to be a sale of shares by the reporting person.
• Following this transaction, Jay M. Short directly beneficially owns 2,243,678 shares of Common Stock.
• Indirect beneficial ownership includes 793,547 shares by spouse, 258,727 shares by Carolyn Short 2020 Irrevocable Gift Trust, 258,727 shares by Jay Short 2020 Irrevocable Gift Trust, 302,324 shares by Capia IP, LLC, and 50 shares by Himalaya Parent LLC.
• The reporting person and his spouse disclaim beneficial ownership of the reported securities held by Himalaya Parent LLC except to the extent of their pecuniary interest therein.

Sentiment

Score: 5

Explanation: Neutral. This is a routine compliance filing for tax withholding on vested restricted stock units and does not indicate any discretionary action or significant change in the insider's position or outlook.

Positives

• The transaction is a routine tax withholding, not a discretionary sale by the insider, indicating no immediate negative sentiment from the CEO regarding the company's prospects.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes. It does not signal a change in management's confidence or a significant shift in ownership.

Key Dates

Keywords

BioAtla, BCAB, Jay M. Short, Form 4, Insider Transaction, Share Withholding, Restricted Stock Units, CEO, Director, 10% Owner, Tax Obligation