ProCap (BRR) CFO Renae Cormier Withholds 56,757 Shares for Taxes

What Happened
Renae Cormier, Chief Financial Officer of ProCap Financial, had 56,757 shares disposed/withheld to satisfy tax obligations related to an equity event. The filing records the per-share amount as $124,298.00 and a total value of $7,054,781,586 for the shares withheld. This is not an open-market sale but a tax withholding (transaction code F), a routine administrative transaction following an exercise or vesting.

Key Details

• Transaction date: 2026-06-01 (reported on Form 4 filed 2026-06-03). No late filing indicated.
• Transaction type/code: F — payment of exercise price or tax liability (shares withheld).
• Shares withheld/disposed: 56,757; per-share figure shown: $124,298.00; total value: $7,054,781,586.
• Shares owned after transaction: Not specified in the supplied filing excerpt.
• Footnotes/plans: The filing excerpt indicates tax withholding; no 10b5-1 plan or other special instructions were disclosed in the provided summary.

Context
Code F withholds shares to cover tax obligations after an option exercise or restricted share vesting — this is an administrative disposal, not a market sale that signals a change in conviction. Retail investors should view tax-withholding dispositions as routine and not equivalent to an insider selling shares on the open market.