Kumar Dinesh M. 4
Research Summary
AI-generated summary
Astrana Health (ASTH) CMO Kumar Dinesh Surrenders 10,759 Shares
What Happened
- Kumar Dinesh, Chief Medical Officer of Astrana Health (ASTH), surrendered 10,759 shares on January 23, 2026 to satisfy tax withholding obligations related to restricted stock that vested the same day. The shares were valued at $27.16 each, totaling approximately $292,214. This was a tax-withholding disposition (code F), not an open-market sale.
Key Details
- Transaction date: January 23, 2026; Filing date: January 27, 2026 (filed 4 days after the transaction; Form 4s are typically due within 2 business days, so this filing appears later than usual).
- Disposition: 10,759 shares surrendered for tax withholding at $27.16 per share; total value ≈ $292,214.
- Transaction code: F (shares withheld/surrendered to satisfy tax obligations).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes of note:
- F1: Shares surrendered to offset tax withholding on restricted stock that vested Jan 23, 2026.
- F2: Ongoing unvested awards include 28,378 RS that vest Jan 23, 2027; performance-based grants of 8,158 and 3,264 RS; 67,238 RSUs tied to performance; and 23,364 RSUs vesting in seven semi-annual installments beginning Mar 5, 2026 (all subject to continued employment and any performance conditions).
- F3: Includes 1,405 shares acquired under the company’s Employee Stock Purchase Plan.
Context
- This was a tax-withholding action (a common, routine disposition) accompanying the vesting of restricted stock—effectively a “cashless” way to pay withholding taxes—so it does not necessarily indicate the insider is selling for investment reasons or signaling a view on the company.
- The filing timing may be later than the usual Form 4 reporting window; investors tracking insider activity should note the delay but treat this transaction as administrative rather than a typical insider sale.