Venetucci Patrick James 4
Research Summary
AI-generated summary
IZEA CEO Patrick Venetucci Receives 30,650 Shares (RSU Vesting)
What Happened
- Patrick James Venetucci, CEO of IZEA Worldwide, had 30,650 Restricted Stock Units (RSUs convert/settle into common shares) vest and convert into 30,650 common shares on January 31, 2026.
- To satisfy tax withholding, 10,256 of those shares were surrendered to the company at a withholding value of $3.52 per share, totaling $36,101. Net shares issued to Venetucci from this vesting event were 20,394 (30,650 issued less 10,256 withheld).
- This was a vesting/settlement of equity awards (routine compensation event), not an open-market buy or sale.
Key Details
- Transaction date: January 31, 2026; Form 4 filed February 2, 2026 (filed timely).
- Reported actions/codes: M = exercise/conversion of derivative (RSU settlement) for 30,650 shares at $0.00; F = shares surrendered for tax withholding, 10,256 shares at $3.52 = $36,101.
- Shares owned after the transaction: not disclosed in the supplied filing.
- Footnotes: F1 — shares surrendered to issuer to satisfy tax withholding upon RSU vesting; F2 — each RSU settles to one share; F3 — the RSUs were granted under the 2011 Equity Incentive Plan on Sept 9, 2024 and vest in 16 equal quarterly installments starting Oct 31, 2024.
- This was a vesting/settlement event (award conversion and tax withholding), not a market sale or purchase.
Context
- The filing shows a routine cashless tax-withholding arrangement (issuer retains/surrenders shares to cover taxes) following RSU vesting. Such transactions reflect compensation being realized rather than a manager buying or selling stock in the open market.