BIERE PETER 4
Research Summary
AI-generated summary
IZEA CFO Peter Biere Exercises RSUs; Tax Withholding
What Happened
Peter Biere, Chief Financial Officer of IZEA Worldwide, exercised/converted a total of 2,991 restricted stock units (RSUs) into common shares on March 31, 2026. Of those shares, 730 were withheld to satisfy tax withholding at $3.51 per share (total withheld value $2,562). The RSU conversions are reported as derivative exercises (transaction code M) and the tax withholding is reported under code F.
Key Details
- Transaction date: 2026-03-31; filing date: 2026-04-01 (timely).
- RSUs converted: 80 + 200 + 468 + 2,243 = 2,991 shares acquired at $0 (settlement of RSUs).
- Shares withheld for taxes: 730 shares disposed at $3.51/share to cover tax liability = $2,562.
- Transaction codes: M = exercise/conversion of derivative (RSU settlement); F = payment of tax liability (share withholding).
- Footnotes: F1–F5 indicate these were RSUs granted under the 2011 Equity Incentive Plan on various grant dates (Apr 1, 2022; Apr 1, 2023; Apr 14, 2023; Sept 1, 2023) with standard vesting schedules (initial cliff then monthly/quarterly vesting).
- Shares owned after the transaction: not specified in the provided filing.
Context
- This was a settlement of restricted stock units (an award vesting), not an open-market buy or sale. The withholding of 730 shares is a routine cashless tax withholding to satisfy tax obligations on vested RSUs, not a discretionary sale for cash.
- For retail investors: vesting/withholding transactions are common compensation events and do not necessarily indicate a buy/sell signal about the insider’s view on the company.