GREEN DOT CORP·4

Mar 24, 5:03 PM ET

Pugh Amy Myers 4

Research Summary

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Green Dot (GDOT) GC Amy Myers Pugh Withholds Shares for Taxes

What Happened
Amy Myers Pugh, General Counsel and Secretary of Green Dot Corporation (GDOT), had a total of 8,645 shares of Class A common stock withheld by the company to satisfy income tax withholding tied to the net settlement of restricted stock units (RSUs). The withholding occurred in two tranches: 4,732 shares at $11.04 each (≈ $52,241) and 3,913 shares at $11.27 each (≈ $44,100), for a combined value of about $96,341. Per the filing footnotes, these withholdings do not represent open‑market sales by the reporting person.

Key Details

  • Transaction dates and prices:
    • 2026-03-21: 4,732 shares withheld at $11.04 (value ≈ $52,241) — price based on 3/20/2026 close (footnote F1).
    • 2026-03-23: 3,913 shares withheld at $11.27 (value ≈ $44,100) — price based on 3/23/2026 close (footnote F2).
  • Total shares withheld: 8,645; total value ≈ $96,341.
  • Shares owned after transaction: Not specified in the provided filing excerpt.
  • Notable footnotes: F1 and F2 state the shares were withheld by the issuer to satisfy income tax withholding in connection with net settlement of RSUs and do not represent a sale by the reporting person.
  • Filing timeliness: Form filed 2026-03-24 for transactions on 2026-03-21 (no late‑filing flag indicated in the provided data).

Context
This was a tax-withholding transaction related to RSU settlement (a net share settlement), not an open-market sale. Companies commonly withhold shares to cover the employee’s tax obligations; such transactions are routine administrative actions and do not necessarily signal the insider’s view of the company’s prospects.