Reilly John Charles 4
Research Summary
AI-generated summary
Talkspace (TALK) CLO John Reilly Sells 72,718 Shares
What Happened
John Charles Reilly, Chief Legal Officer and Secretary of Talkspace (TALK), disposed of a total of 72,718 shares on June 12, 2026, generating roughly $379,221 in proceeds. The activity consisted of: 17,574 shares withheld by the company to cover tax withholding on vested RSUs (valued at about $91,912), plus two open-market sales of 900 shares at $5.22 ($4,698) and 54,244 shares at $5.21 ($282,611). These were sales/withholdings (not purchases).
Key Details
- Transaction date: 2026-06-12; Form 4 filed: 2026-06-16. No late-filing flag provided in the supplied data.
- Individual transactions:
- 17,574 shares withheld for tax obligations at $5.23 — $91,912 (tax withholding related to RSU vesting).
- 900 shares sold on open market at $5.22 — $4,698.
- 54,244 shares sold on open market at $5.21 — $282,611.
- Total shares disposed: 72,718; total proceeds ≈ $379,221.
- Shares owned after the transactions: not disclosed in the provided filing text.
- Footnote: F = issuer withheld shares to satisfy tax withholding on previously reported RSUs (net share settlement).
Context
- The 17,574-share transaction is a tax-withholding/net settlement of vested RSUs (routine and not an active market sale by the insider). The other two entries are open-market sales.
- Sales are generally considered routine insider liquidity events; they do not by themselves indicate the insider’s view of the company’s future performance.