Sportradar Group AG·4

Jul 2, 5:25 PM ET

FELENSTEIN CRAIG 4

Research Summary

AI-generated summary

Updated

Sportradar (SRAD) CFO Craig Felenstein Receives PSUs; 3,564 Shares Withheld

What Happened
Craig Felenstein, Chief Financial Officer of Sportradar Group AG (SRAD), had performance share units (PSUs) vest on June 30, 2026, resulting in the acquisition of 7,899 Class A shares (award code A). To satisfy tax withholding obligations related to the vesting, the issuer withheld/retained 3,564 shares (disposition code F) at an indicated per‑share value of $14.97, totaling $53,353. The withholding was done by the issuer and did not involve a market sale of shares.

Key Details

  • Transaction dates and amounts:
    • 2026-06-30 — Award/Acquisition (A): 7,899 shares @ $0.00 (PSUs vested; acquisition value reported as $0 for award line).
    • 2026-06-30 — Withholding/Disposition (F): 3,564 shares @ $14.97 = $53,353 (shares withheld to cover taxes).
  • Filing date: Form 4 filed 2026-07-02 (reports the June 30 transactions).
  • Shares owned after the transactions: Not specified in the filing.
  • Footnotes:
    • F1: Withholding of shares by the issuer to satisfy tax obligations; no shares were sold in the open market.
    • F2: The 7,899 shares reflect Class A shares underlying PSUs granted 6/30/2024 and deemed earned on 6/30/2026, net of withholding for taxes.
  • No indication of a 10b5-1 plan or other trading plan in the provided details.

Context
This report reflects routine equity compensation vesting (PSUs) rather than an open‑market purchase or sale. The net effect is that Felenstein received vested shares but had a portion retained by the company to cover taxes — a common practice that does not necessarily signal insider sentiment about the stock.