Form 4: Cross Country Healthcare Director Disposes Shares for Tax Obligations Following Restricted Stock Vesting

Cross Country Healthcare Director Venkat Bhamidipati disposed of 3,670 shares of common stock to cover tax withholding obligations related to vested restricted stock.

Summary

• Venkat Bhamidipati, a Director of Cross Country Healthcare Inc. (CCRN), reported a disposition of common stock.
• The transaction occurred on June 1, 2025, and involved the disposition of 3,670 shares of common stock.
• The shares were disposed of at a price of $13.18 per share.
• The purpose of the disposition was to satisfy tax withholding obligations associated with restricted stock that vested on the same date.
• Following this transaction, Mr. Bhamidipati beneficially owns 11,079 shares of Cross Country Healthcare common stock.

Sentiment

Score: 5

Explanation: The transaction is a routine disposition of shares to cover tax obligations upon restricted stock vesting, which is a neutral event for the company's operational performance or strategic direction.

Positives

• The underlying event, the vesting of restricted stock, represents earned compensation for the director, which is a positive for the individual.

Negatives

• The disposition of shares for tax withholding is a routine administrative event and does not indicate a negative outlook on the company or its stock.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

Form 4 filings are routine disclosures for insiders of publicly traded companies, reporting changes in their beneficial ownership. This specific transaction, involving the disposition of shares for tax withholding upon restricted stock vesting, is a common occurrence in executive compensation structures across various industries.

Related Party Transactions

• The transaction involves the disposition of shares to the issuer (Cross Country Healthcare Inc.) to satisfy tax withholding obligations related to the vesting of restricted stock, which is a standard component of executive compensation.

Stakeholder Impact

• Shareholders: The transaction is administrative and is unlikely to have a material impact on the company's share price or overall shareholder value.
• Employees (Director): The director has received vested equity compensation, with a portion used to cover tax liabilities, which is a standard process for equity awards.

Key Dates

Recommendation

Keywords

Cross Country Healthcare, CCRN, Form 4, insider transaction, beneficial ownership, stock disposition, tax withholding, restricted stock, Venkat Bhamidipati