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 June 30, 2024, Scott Andrew Smith, a director of BioAtla, Inc. (BCAB), had 2,181 shares of common stock withheld by the issuer to satisfy income tax obligations.
- The shares were withheld at a price of $1.37 per share.
- Following the transaction, Smith beneficially owns 302,412 shares of BioAtla common stock directly.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to tax obligations, and it doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, ensuring fair market practices.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a standard tax withholding procedure.
Key Dates
| Date | Description |
|---|---|
| 06/30/2024 | Date of transaction (tax withholding) |
| 07/01/2024 | Date of signature on the report |
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