Orchestra BioMed (OBIO) Principal Accounting Officer Withholds 203 Shares

What Happened

• Joshua Aiello, Principal Accounting Officer at Orchestra BioMed (OBIO), had 203 restricted stock units (RSU) shares withheld to satisfy tax withholding obligations tied to RSU vesting. The withholding was recorded at $5.26 per share, totaling approximately $1,068. This was not an open-market sale or purchase.

Key Details

• Transaction date: 2026-08-26; Form 4 filed: 2026-08-28.
• Price per share used for withholding: $5.26; total value withheld: ~$1,068.
• Shares withheld: 203 (code F — tax withholding).
• Footnote: Issuer withheld shares to satisfy tax obligations on RSU vesting; no shares were sold in the market as a result.
• Shares owned after the transaction: not specified in the provided report.
• Timeliness: Filed within two days of the transaction date (appears timely).

Context

• This is a routine, compensation-related withholding (code F) when RSUs vest; it does not indicate a decision to sell shares on the open market and is typically neutral for signaling insider sentiment.