Bradshaw Wenkai 4
Research Summary
AI-generated summary
Teads (TEAD) CAO Bradshaw Wenkai Withholds Shares for Taxes
What Happened
Bradshaw Wenkai, Teads' CAO & SVP Corporate Controller, had 3,704 shares withheld by the company on June 5, 2026 to cover tax obligations arising when restricted/performance stock units vested/settled. The withholdings were: 378 shares at $1.22 ($461), 3,232 shares at $1.15 ($3,717), and 94 shares at $1.15 ($108), for a combined value of roughly $4,286. These are tax-withholding dispositions (code F), not open-market sales.
Key Details
- Transaction date: June 5, 2026; Form 4 filed June 9, 2026 (filing appears timely).
- Specifics: 378 shares @ $1.22 ($461); 3,232 shares @ $1.15 ($3,717); 94 shares @ $1.15 ($108). Total withheld = 3,704 shares (~$4,286).
- Shares owned after transaction: not specified in the provided filing details.
- Footnotes: Withholdings relate to vested restricted stock units under the Issuer’s 2007 Omnibus Plan and 2021 Long‑Term Incentive Plan, and performance stock units under the 2021 LTIP; transactions were exempt under Rule 16b‑3.
Context
Tax-withholding disposals like this are routine: the company retains/withholds shares to cover the insider’s tax bill when awards vest. They do not necessarily indicate buying or selling intent in the market and are different from open-market sales (code S) or purchases (code P).