Form 4: TAO Synergies Director Reports Significant Stock Acquisition and Tax-Related Disposition

TAO Synergies Inc. Director Bruce Bernstein reported the acquisition of 24,657 restricted stock units and the disposition of 9,863 shares for tax withholding purposes on June 30, 2025.

Summary

• Bruce Bernstein, a Director of TAO Synergies Inc. (TAOX), reported transactions on June 30, 2025, pursuant to a Rule 10b5-1(c) plan.
• Acquired 24,657 restricted stock units (RSUs) under the Issuer's 2020 Equity Incentive Plan, which vested immediately upon issuance at an acquisition price of $0.00 per share.
• Disposed of 9,863 shares of common stock at a price of $7.85 per share; this disposition represents shares withheld by the Issuer to satisfy tax liability upon the vesting of the restricted stock units and was not an open-market sale.
• Following these transactions, Bruce Bernstein beneficially owns 15,897 shares of TAO Synergies Inc. common stock.

Sentiment

Score: 7

Explanation: The transaction indicates continued insider ownership and compensation, which is generally positive, though a portion of shares were sold for tax purposes, which is a standard practice for RSU vesting.

Positives

• Director Bruce Bernstein received 24,657 restricted stock units, indicating continued equity-based compensation and alignment of interests with shareholders.
• The restricted stock units vested immediately upon issuance, providing immediate ownership.

Negatives

• 9,863 shares were disposed of to cover tax liabilities, which reduces the director's direct shareholding, although this is a standard practice for RSU vesting.

Related Party Transactions

• Grant of 24,657 restricted stock units to Director Bruce Bernstein under the Issuer's 2020 Equity Incentive Plan.
• Withholding of 9,863 shares by the Issuer to satisfy tax liability related to the vesting of restricted stock units.

Stakeholder Impact

• Shareholders: The director's increased beneficial ownership (net of tax withholding) aligns interests with shareholders. The use of a 10b5-1 plan indicates pre-planned transactions.

Key Dates

Keywords

TAO Synergies Inc., TAOX, Bruce Bernstein, Form 4, Insider Transaction, Restricted Stock Units, Equity Incentive Plan, Director, Stock Compensation, Tax Withholding, Rule 10b5-1