Bass Charles Edward 4
Research Summary
AI-generated summary
Climb Global (CLMB) Chief Alliance Officer Bass Withholds 555 Shares
What Happened
Charles Edward Bass, Chief Alliance Officer of Climb Global Solutions (CLMB), had 555 shares withheld on 2026-02-17 to cover tax obligations tied to restricted stock vesting. The shares were valued at $121.05 each, totaling approximately $67,183. This was a tax-withholding disposition (reported as "F"), not an open-market sale.
Key Details
- Transaction date: 2026-02-17; Form 4 filed: 2026-02-18 (appears timely).
- Shares withheld/disposed: 555 at $121.05 per share; total value ≈ $67,183.
- Transaction code: F — shares withheld to satisfy tax withholding on vesting. Footnote F1: "Shares withheld at vesting of restricted stock for purposes of meeting the reporting person's tax obligations."
- Shares owned after the transaction: not specified in the provided excerpt.
- Filing timeliness: filing date is one day after the transaction date; no late filing indicated in this record.
Context
This is a routine tax-withholding event common when restricted stock vests and does not necessarily reflect the insider's view of the company's stock. It differs from an open-market sale because shares are retained by the company or broker to cover taxes rather than sold as a discretionary divestiture.