Pacitti David 4
4 · Orchestra BioMed Holdings, Inc. · Filed Jun 25, 2026
Research Summary
AI-generated summary of this filing
Orchestra BioMed (OBIO) Director David Pacitti Receives RSU/Option Awards
What Happened David Pacitti, a director of Orchestra BioMed Holdings, Inc. (OBIO), received equity awards on June 23, 2026: 17,327 restricted stock units (RSUs) and a 21,277-share derivative award (stock-option type). All awards show $0.00 per-share acquisition price in the filing. On June 24, 2026 the issuer withheld 3,784 shares to satisfy tax withholding obligations related to RSU vesting; no shares were sold in the open market.
Key Details
- Transaction dates: Grants dated 2026-06-23; withholding dated 2026-06-24. Filing date: 2026-06-25 (appears timely — within the typical 2-business-day Form 4 window).
- Prices: All entries reported at $0.00 (award/grant form of compensation).
- Shares acquired: 17,327 RSUs (award) + 21,277 derivative award units (stock options).
- Shares withheld/disposed: 3,784 shares withheld by the issuer to satisfy tax withholding (no market sale).
- Shares owned after transaction: Not reported in the provided filing details.
- Footnotes of note:
- F1: RSUs represent rights to one share each and vest on the one-year anniversary of the grant, subject to continuous service.
- F2: Withholding was done by the issuer to cover taxes; no open-market sale occurred.
- F3: The derivative (stock option) awards will vest on the one-year anniversary, subject to continuous service.
Context These are compensation-related grants (an award), not open-market purchases or sales; such awards are routine for directors and are tied to future vesting/service. The RSUs and options vest in one year if the reporting person remains in service, and the withholding simply satisfied tax obligations rather than reflecting a sale.
Insider Transaction Report
- Award
Common Stock, par value $0.0001 per share ("Common Stock")
[F1]2026-06-23+17,327→ 62,295 total - Tax Payment
Common Stock
[F2]2026-06-24−3,784→ 58,511 total - Award
Stock Option (Right to Buy)
[F3]2026-06-23+21,277→ 21,277 totalExercise: $4.04Exp: 2036-06-23→ Common Stock (21,277 underlying)
Footnotes (3)
- [F1]Represents an award of restricted stock units ("RSUs") awarded to the Reporting Person on June 23, 2026 (the "Grant Date"). Each RSU represents a contingent right to receive one share of Common Stock. The RSUs will vest on the one year anniversary of the Grant Date, subject to the Reporting Person's continuous service through such date.
- [F2]Represents the withholding of shares by the Issuer to satisfy tax withholding obligations in connection with vesting of RSUs. No shares were sold in the market as a result of the vesting of these RSUs and the satisfaction of tax withholding obligations.
- [F3]The stock options will vest on the one year anniversary of the Grant Date, subject to the Reporting Person's continuous service through such date.