Earnings Feed
Start Free
TaskUs, Inc.·4

Mar 10, 6:23 PM ET

Johnson Jarrod 4

Research Summary

AI-generated summary

Updated

TaskUs (TASK) CCO Jarrod Johnson Exercises and Receives RSUs

What Happened

  • Jarrod Johnson, Chief Customer Officer of TaskUs (TASK), had previously granted restricted stock units (RSUs convertable to Class A shares) vest and be settled in early March, and was also granted a new RSU award. On March 6 and March 7, a total of 37,009 RSUs were converted/settled (11,076 on 3/6 and 25,933 on 3/7). To cover tax withholding obligations, 2,749 shares (3/6) and 6,315 shares (3/7) were surrendered at $10.92 per share, totaling $30,019 and $68,960 respectively (total withheld = 9,064 shares; ~$98,979). On March 9 he received a new RSU award for 56,232 units (to be settled in shares or cash).

Key Details

  • Transaction dates: vest/settlement on 2026-03-06 and 2026-03-07; new grant on 2026-03-09. Filing date: 2026-03-10 (filed within typical Form 4 deadlines).
  • Withholding/tax sale: 2,749 shares on 3/6 and 6,315 shares on 3/7 withheld at $10.92/share (total cash value withheld ~$98,979).
  • RSUs converted/settled: 11,076 (3/6) and 25,933 (3/7) — total 37,009 shares settled from prior RSU awards.
  • New award: 56,232 RSUs granted on 3/9 (see vesting schedule below).
  • Shares owned after the transactions: not specified in the provided excerpt of the Form 4.
  • Footnotes/vesting:
    • F1/F3: Prior RSU awards settle in stock or cash and vest over three years (annual tranches; for the March 6/7 awards listed).
    • F2: Represents shares withheld to cover tax withholding obligations (the 9,064 shares surrendered).
    • F4: The March 9 RSU grant vests over three years (33%/33%/34% in 2027–2029).
  • Filing timeliness: Filed 2026-03-10 for transactions on 3/6–3/9; this appears timely under the usual two-business-day Form 4 rule.

Context

  • These transactions are routine equity compensation events: vested RSUs were converted/settled and some shares were surrendered to cover taxes (a common cashless/withholding practice). The March 9 item is a new RSU grant that will vest over future years and is not an immediate market purchase or sale. These actions are compensation-related and do not, by themselves, indicate an independent buy/sell decision for market timing.