Form 4: Getty Images Executive Sells Shares to Cover Tax Obligations

Mikael Cho, Senior Vice President of Getty Images, sold shares of Class A Common Stock to cover mandatory tax withholding obligations related to vesting restricted stock units.

Summary

• Mikael Cho, a Senior Vice President at Getty Images Holdings, Inc., reported the sale of Class A Common Stock on March 25, 2025.
• The sales were non-discretionary and intended to cover mandatory tax withholding obligations related to the vesting and settlement of restricted stock units and performance restricted stock units.
• The transactions were executed under a Rule 10b5-1 trading plan adopted in connection with award agreements dated March 16, 2023, and March 21, 2023.
• A total of 18,590 shares were sold at a weighted average price of $2.12.
• Another 7,953 shares were sold at a weighted average price of $2.12.
• Following the reported transactions, Cho directly owns 123,862 shares and indirectly owns 107,198 shares through his spouse.

Sentiment

Score: 5

Explanation: The document describes routine transactions related to tax obligations, with no indication of positive or negative sentiment.

Industry Context

This is a routine Form 4 filing, indicating insider transactions. It is common for executives to sell shares to cover tax obligations related to vesting equity awards. The use of a 10b5-1 trading plan suggests the sales were pre-planned and not based on current market information.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but the pre-planned nature of the transactions mitigates this impact.

Key Dates

Keywords

Getty Images, Mikael Cho, Class A Common Stock, Form 4, SEC, insider trading, Rule 10b5-1, tax withholding, restricted stock units, performance restricted stock units