Hochman David P 4

What Happened
David P. Hochman, Chief Executive Officer and Chairperson of Orchestra BioMed (OBIO), had a total of 6,566 restricted stock unit (RSU) shares withheld by the issuer to satisfy tax withholding obligations associated with RSU vesting. The withholding was recorded as two dispositions of 3,283 shares each at $4.02 per share, for an aggregate value of $26,396. This was a withholding to cover taxes—not an open‑market sale.

Key Details

• Transaction date: June 10, 2026 (reported on Form 4 filed June 12, 2026; timely filing)
• Price per share: $4.02
• Shares withheld/disposed: 3,283 + 3,283 = 6,566 shares
• Aggregate value: $13,198 + $13,198 = $26,396
• Shares owned after transaction: Not specified in this filing
• Footnote: Issuer withheld shares to satisfy tax withholding on RSU vesting; no market sale occurred

Context
Withholding shares to cover taxes on vested RSUs is a routine administrative action and does not necessarily indicate a change in the insider’s view of the company. This transaction reflects compensation tax settlement rather than a deliberate liquidity event or market sale.