Form 4: Stride Inc. CEO James Jeaho Rhyu Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
CEO James Jeaho Rhyu reports the withholding of 4,641 common stock shares by Stride, Inc. to cover tax obligations upon vesting of restricted shares.
Summary
- On August 18, 2024, James Jeaho Rhyu, the CEO of Stride, Inc., had 4,641 shares of common stock withheld by the issuer to cover his withholding tax obligations.
- This was due to the vesting of restricted shares.
- The price per share was $82.53.
- Following this transaction, Rhyu still beneficially owns 641,584 shares of Stride, Inc. common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations and doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive compensation and ownership changes.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering executive tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/18/2024 | Date of transaction: withholding of shares for tax obligations. |
| 08/20/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.