Gatto Robert 4
Research Summary
AI-generated summary
Paysafe (PSFE) CRO Robert Gatto Exercises/Receives 219K Shares
What happened
- Robert Gatto, Chief Revenue Officer of Paysafe (PSFE), had restricted/performance awards vest and/or converted/was issued a total of 219,209 shares on April 1, 2026 (122,121 and 97,088 share conversions). To cover tax liabilities, 38,484 shares were surrendered/withheld (three withholding lots), resulting in a net increase of 180,725 shares to his holding. The withholding generated proceeds of $275,317 (sum of the three listed withholding amounts).
Key details
- Transaction date: April 1, 2026; Form 4 filed April 3, 2026 (appears timely).
- Acquired (exercise/conversion, code M): 122,121 shares (price listed N/A) and 97,088 shares (price $0.00).
- Withheld for taxes / payment of exercise price (code F): 23,640 shares @ $6.71 = $158,624; 4,994 shares @ $7.41 = $37,006; 9,850 shares @ $8.09 = $79,687. Total withheld = 38,484 shares for $275,317.
- Net new shares from the transactions: 219,209 acquired − 38,484 withheld = 180,725 shares added.
- Footnotes: F1 = vesting of restricted and performance stock; F2 = vesting of restricted stock (these explain the conversions/issuances).
- Shares owned after the transaction: not specified in the provided filing summary.
Context
- The filings indicate vesting/conversion of awards (not open-market buys or discretionary sales). Code M denotes exercise/conversion of derivatives/awards; the $0.00 price and footnotes point to vested restricted/performance stock converting into common shares. Code F entries reflect share withholding to satisfy tax obligations (a routine, non‑market sale to cover taxes), not an open-market disposition indicating a trading view.