Form 4: Bionano Genomics CEO Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
Bionano Genomics CEO R. Erik Holmlin reports the withholding of 3,073 shares to cover tax obligations related to vested RSUs.
Summary
- On February 15, 2024, Bionano Genomics withheld 3,073 shares of common stock from CEO R. Erik Holmlin to satisfy tax obligations related to vested Restricted Stock Units (RSUs).
- These RSUs were granted on February 15, 2023.
- Following the transaction, Holmlin directly owns 77,663 shares of Bionano Genomics common stock.
- Holmlin also indirectly owns 502 shares through a Traditional IRA.
- The report also notes a 1-for-10 stock split that occurred on August 4, 2023, which reduced Holmlin's share ownership.
- Additionally, it mentions the acquisition of 89 shares under the Issuer's 2018 Employee Stock Purchase Plan on June 12, 2023.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard executive compensation practices and does not inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| June 12, 2023 | Acquisition of 89 shares under the Issuer's 2018 Employee Stock Purchase Plan |
| August 4, 2023 | Common stock of Bionano Genomics, Inc. split 1-for-10 |
| February 15, 2023 | RSU award granted to R. Erik Holmlin |
| February 15, 2024 | Withholding of 3,073 shares of common stock for tax obligations related to vested RSUs |
| March 05, 2024 | Date of signature for the Form 4 filing |
Keywords
Bionano Genomics, BNGO, R. Erik Holmlin, Form 4, Share Withholding, RSU, Tax Obligations, Stock Split, Employee Stock Purchase Plan
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