SULLIVAN MATTHEW M 4

What Happened Matthew M. Sullivan, Chief Financial Officer of Climb Global Solutions, had 149 shares of restricted stock withheld to cover tax obligations. The withholding was reported as a disposition at $121.05 per share, for a total withholding value of $18,036. This was a tax-withholding event (routine) tied to vesting rather than an open-market sale.

Key Details

• Transaction date: 2026-02-17; reported on Form 4 filed 2026-02-18 (timely filing).
• Shares withheld/disposed: 149 at $121.05 per share; total value $18,036.
• Shares owned after transaction: not specified in the provided filing details.
• Footnote: F1 — "Shares withheld at vesting of restricted stock for purposes of meeting the reporting person's tax obligations."
• Transaction type code: F (tax withholding), not a purchase (P) or voluntary sale (S).

Context Tax-withholding by withholding shares is a common, administrative action when restricted stock vests — it reduces the insider’s reported holdings but is not necessarily a market sentiment indicator. Because this was a withholding to satisfy taxes (not an open-market sale), it should be interpreted as routine compensation processing rather than a directional trade.