Form 4: BioAtla Director Scott Andrew Smith Reports Tax-Related Share Withholding
SEC Form 4 Filing
Director Scott Andrew Smith reports withholding of shares by BioAtla to cover income tax obligations related to vesting of restricted stock units.
Summary
- On February 29, 2024, BioAtla, Inc. withheld 2,181 shares from Director Scott Andrew Smith to satisfy income tax obligations related to the vesting of restricted stock units.
- The shares were withheld at a price of $2.7.
- Following the transaction, Smith directly owns 294,636 shares of BioAtla common stock.
Sentiment
Score: 7
Explanation: The document reflects a neutral event (tax withholding) associated with executive compensation. It's a routine process and doesn't indicate any positive or negative sentiment towards the company's performance or future prospects.
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 process of withholding shares to cover tax obligations upon the vesting of restricted stock units, a common form of executive compensation.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a small number of shares withheld for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 02/29/2024 | Date of share withholding transaction. |
| 03/01/2024 | Date of signature on the Form 4 filing. |
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