Orchestra BioMed Director Eric Fain Withholds 5,145 Shares for Taxes

What Happened

• Eric S. Fain, a director of Orchestra BioMed Holdings, reported that 5,145 shares were withheld to satisfy tax withholding obligations tied to the vesting of restricted stock units (RSUs). The withholding was recorded at $4.42 per share, totaling $22,741. This was a tax-withholding disposition rather than an open-market sale.

Key Details

• Transaction date: 2026-08-12; Filing date (Form 4): 2026-08-14 (appears timely; Form 4s are generally due within two business days)
• Price used for withholding: $4.42 per share
• Shares withheld/disposed: 5,145; total value: $22,741
• Transaction code: F (payment of exercise price or tax liability / share withholding)
• Footnote: Issuer withheld shares to satisfy tax obligations; no shares were sold in the market as a result of the vesting
• Shares owned after transaction: not specified in the provided excerpt

Context

• This was a routine tax-withholding on RSU vesting, not an active sale or purchase in the open market. Such withholdings are common and do not necessarily indicate the insider’s view of the company’s prospects. Purchases or market sales by insiders typically provide clearer signals about sentiment.