Kumar Dinesh M. 4
Research Summary
AI-generated summary
Astrana Health (ASTH) CMO Kumar Dinesh Surrenders 1,697 Shares for Taxes
What Happened
Kumar Dinesh M., Chief Medical Officer of Astrana Health (ASTH), surrendered 1,697 shares on March 5, 2026 to satisfy tax withholding obligations related to restricted stock units that vested that day. The shares were valued at $25.07 each, totaling approximately $42,544. This was a tax-withholding share surrender (Form 4 transaction code F), not a conventional open-market sale.
Key Details
- Transaction date and price: March 5, 2026 — 1,697 shares at $25.07 each (total ≈ $42,544).
- Transaction type: Code F — shares surrendered to cover tax withholding on vested RSUs (cashless/tax withholding mechanism).
- Shares owned after transaction: Not specified in this Form 4.
- Filing date: March 9, 2026 — filed within the typical two business-day window (timely).
- Notable footnotes:
- F1: The surrender offsets tax withholding for RSUs that vested March 5, 2026.
- F2: The filing discloses additional unvested restricted stock and RSUs subject to time-based and performance vesting (e.g., 28,378 shares vesting Jan 23, 2027; various performance-based grants and RSUs).
- F3: Includes 1,405 shares acquired under the company’s Employee Stock Purchase Plan.
Context
Surrendering shares to cover taxes is a common, administrative action when RSUs vest and does not necessarily signal the insider’s view on the company. This was not an open-market sale for cash proceeds but a withholding to satisfy tax obligations tied to vested equity.