Orchestra BioMed Director David Pacitti Withholds 3,761 Shares for Taxes

What Happened

• David Pacitti, a director of Orchestra BioMed (OBIO), had 3,761 shares withheld to satisfy tax withholding in connection with the vesting of restricted stock units (RSUs). The shares were recorded at $4.42 each, for a total disposition value of $16,624. This was a tax-withholding disposition, not an open-market sale.

Key Details

• Transaction date: 2026-08-12
• Price used for withholding: $4.42 per share
• Shares withheld/disposed: 3,761
• Total value of withheld shares: $16,624
• Shares owned after transaction: Not disclosed in the filing
• Footnote: F1 — Issuer withheld shares to satisfy tax obligations on RSU vesting; no shares were sold in the market.
• Filing date: 2026-08-14 (filed within the typical 2-business-day window; appears timely)
• Transaction code: F (tax withholding / payment of tax liability)

Context

• Withholding shares to cover taxes on vested RSUs is a routine administrative action and does not indicate a directional view on the stock. Because the shares were not sold on the open market, this transaction is generally not considered a signal of insider sentiment.