Gatoff Steven 4
Research Summary
AI-generated summary
INSEEGO (INSG) CFO Steven Gatoff Sells Shares for Tax Withholding
What Happened
- Steven Gatoff, Chief Financial Officer of INSEEGO Corp. (INSG), had 10,486 shares withheld to satisfy tax liabilities tied to RSU vesting. The withholdings were: 8,506 shares at $14.14 each ($120,275) and 1,980 shares at $14.14 each ($27,997), totaling $148,272. These transactions are reported as dispositions (code F), meaning shares were withheld rather than sold on the open market.
Key Details
- Transaction date: 2026-04-15; Form 4 filed: 2026-04-17 (within the typical two-business-day Form 4 deadline).
- Price per share: $14.14.
- Shares withheld: 8,506 and 1,980 (total 10,486); total value ≈ $148,272.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes: F1 relates to an RSU grant dated 7/30/2024 (previously reported) whose vesting schedule was modified from monthly over four years to quarterly vesting with a 7.5% vesting acceleration. F2 relates to an RSU grant dated 12/24/2025 (previously reported) with a similar vesting modification and 7.5% acceleration.
- Transaction code meaning: F = shares withheld to cover tax withholding on vested equity (not an open-market sale).
Context
- These were tax-withholding actions tied to RSU vesting (a routine administrative disposition), not discretionary stock sales that typically signal a manager taking money off the table. Withheld shares reduce the insider’s outstanding share count but do not necessarily reflect a change in sentiment.