Bass Charles Edward 4
Research Summary
AI-generated summary
Climb Global (CLMB) Chief Alliance Officer Withholds 645 Shares for Taxes
What Happened
Charles Bass, Chief Alliance Officer of Climb Global Solutions, had 645 shares withheld on May 5, 2026 to satisfy tax obligations related to the vesting of restricted stock. The withholding was recorded at $18.76 per share, totaling about $12,100. This is a tax-withholding disposition (Form 4 transaction code F), not an open-market sale.
Key Details
- Transaction date: 2026-05-05; filing date: 2026-05-06 (timely filed).
- Shares withheld/disposed: 645 at $18.76 each; total value ≈ $12,100.
- Transaction code: F — shares withheld to cover tax liability upon vesting.
- Footnote: F1 indicates shares were withheld at vesting of restricted stock to meet the reporting person's tax obligations.
- Shares owned after transaction: not specified in the provided filing excerpt.
Context
Withholdings to cover taxes on vested restricted stock are routine administrative transactions and do not necessarily indicate insider sentiment about the company. This is effectively a cashless tax payment rather than a discretionary sale by the insider.