BENGTSON MELISSA 4
4 · RideNow Group, Inc. · Filed Apr 16, 2026
Research Summary
AI-generated summary of this filing
RideNow (RDNW) EVP Melissa Bengtson Withholds 15,797 Shares
What Happened
Melissa Bengtson, EVP, Chief Legal Officer & Secretary of RideNow Group, had 15,797 shares disposed (withheld) to satisfy tax withholding obligations related to the vesting of restricted stock units. The shares were valued at $6.53 each, for a total of approximately $103,154. This was a tax-withholding disposition (transaction code F), not an open-market sale.
Key Details
- Transaction date: 2026-04-15; Filing date: 2026-04-16 (Form 4 accession 0001596961-26-000020).
- Price per share: $6.53; Shares withheld/ disposed: 15,797; Total value: ~$103,154.
- Transaction code: F (payment of exercise price or tax liability — tax withholding). Footnote F1: shares withheld by the issuer to satisfy tax withholding upon RSU vesting.
- Shares owned after the transaction: not specified in the provided filing details.
- Filing timeliness: reported the next day (appears timely); no late-filing indication in the data provided.
Context
Tax-withholding withholdings on vested RSUs are routine and represent the issuer retaining shares to cover withholding taxes; they are not the same as an open-market sale that may signal intent to reduce holdings. Such transactions are common at vesting and primarily reflect tax obligations rather than a directional bet on the stock.
Insider Transaction Report
- Tax Payment
Class B Common Stock
[F1]2026-04-15$6.53/sh−15,797$103,154→ 244,203 total
Footnotes (1)
- [F1]Represents shares withheld by the Issuer to satisfy tax withholding obligations upon the vesting of restricted stock units.