TaskUs, Inc.·4

Mar 10, 6:23 PM ET

Maddock Bryce 4

Research Summary

AI-generated summary

Updated

TaskUs (TASK) CEO Bryce Maddock Exercises RSUs; Shares Withheld for Taxes

What Happened

  • Bryce Maddock, CEO of TaskUs, had RSUs convert/vest into 31,515 shares on March 6, 2026 and 80,392 shares on March 7, 2026 (total 111,907 shares acquired). To satisfy tax withholding, 7,674 and 30,137 shares were withheld (disposed) on those dates at $10.92 per share, producing reported cash amounts of $83,800 and $329,096 (total ≈ $412,896). On March 9, 2026 he was also granted 309,278 RSUs (award/derivative) that vest in future years.

Key Details

  • Transaction dates: March 6–7, 2026 (vesting/conversion and tax withholding); March 9, 2026 (new RSU grant).
  • Shares converted/issued: 31,515 (3/6) + 80,392 (3/7) = 111,907 shares acquired.
  • Shares withheld for taxes: 7,674 (3/6) + 30,137 (3/7) = 37,811 shares; withholding price reported $10.92/share; total cash reported ≈ $412,896.
  • New award: 309,278 RSUs granted on March 9, 2026 (derivative award; vests per filing footnote).
  • Notable footnotes: RSUs settle in cash or Class A common stock and vest on specified annual schedules (see F1, F3, F7). F2 explains shares were withheld to cover tax obligations. The filer disclaims beneficial ownership except for pecuniary interest.
  • Filing timeliness: No late‑filing flag is indicated in the information provided.

Context

  • These entries reflect RSU vesting/conversion and routine tax‑withholding (transaction codes M = exercise/conversion; F = tax withholding). The withheld shares are not an open‑market sale by the insider but a company withholding to satisfy taxes. The March 9 award is a grant of RSUs that will vest in future years per the footnote schedule. Such activity is typically compensation‑related rather than a directional bet on the stock.