Form 4: BioAtla Director Scott Andrew Smith Reports Tax Withholding Transaction
SEC Form 4 Filing
Director Scott Andrew Smith reports a transaction involving the withholding of BioAtla shares to cover income tax obligations related to vesting restricted stock units.
Summary
- On August 31, 2024, BioAtla director Scott Andrew Smith had 2,181 shares withheld by the issuer to cover income tax obligations.
- The withholding occurred at a price of $1.77 per share.
- Following the transaction, Smith beneficially owns 298,050 shares of BioAtla common stock directly.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing related to tax obligations, so it's neutral to slightly positive as it reflects standard compensation practices.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders (directors, officers, and principal stockholders) of publicly traded companies, providing transparency into their transactions in the company's stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard tax withholding procedure.
Key Dates
| Date | Description |
|---|---|
| 08/31/2024 | Date of the transaction (tax withholding) |
| 09/03/2024 | Date of signature by Attorney-in-Fact |
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