Form 4: Bionano Genomics Officer Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
Alka Chaubey, Chief Medical Officer of Bionano Genomics, reports the withholding of 1,081 shares to cover tax obligations related to a vested RSU award.
Summary
- On February 15, 2024, Bionano Genomics withheld 1,081 shares of common stock from Alka Chaubey, the Chief Medical Officer, to satisfy tax obligations related to the vesting of an RSU award granted on February 15, 2023.
- Following this transaction, Chaubey directly owns 31,487 shares of Bionano Genomics.
- This includes 89 shares acquired under the Issuer's 2018 Employee Stock Purchase Plan on June 12, 2023.
- The reporting person's ownership of 112,315 less shares of common stock due to a 1-for-10 stock split on August 4, 2023.
Sentiment
Score: 5
Explanation: This is a neutral event; it's a routine transaction related to tax obligations and RSU vesting.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies. It provides transparency into the stock ownership of company officers.
Key Dates
| Date | Description |
|---|---|
| 06/12/2023 | Reporting person acquired 89 shares under the Issuer's 2018 Employee Stock Purchase Plan |
| 08/04/2023 | Common stock of Bionano Genomics, Inc. split 1-for-10, resulting in the reporting person's ownership of 112,315 less shares of common stock. |
| 02/15/2023 | RSU award granted to reporting person |
| 02/15/2024 | Withholding of 1,081 shares for tax obligations related to vested RSU award. |
| 03/05/2024 | Date of Form 4 filing. |
Keywords
Bionano Genomics, Alka Chaubey, Form 4, Share Withholding, RSU, Tax Obligations, Beneficial Ownership, BNGO, Stock Split, Employee Stock Purchase Plan
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