Black Michael Scott 4

What Happened

• Michael Black, Chief Revenue Officer of Bark, received two restricted stock unit (RSU) awards that vested on June 8, 2026, for a total of 13,514 RSUs (6,018 and 7,496). The RSUs were reported as acquired at $0.00 (award/vesting).
• To satisfy tax withholding obligations tied to the vesting, Bark withheld 4,022 shares (1,784 and 2,238) at $9.56 per share, resulting in cash withheld of $17,055 and $21,395 respectively (total $38,450). The withholding is recorded as a disposition for tax purposes but is not an open‑market sale.

Key Details

• Transaction date: 2026-06-08; Form 4 filed: 2026-06-10 (timely — within the Form 4 reporting window).
• Awards: 6,018 RSUs and 7,496 RSUs; Withheld shares for taxes: 1,784 and 2,238 at $9.56.
• Reported acquisition price for RSUs: $0.00 (typical for awards); total shares acquired via vesting: 13,514.
• Cash withheld for taxes (not open‑market sales): $17,055 + $21,395 = $38,450.
• Footnotes: F1 — RSUs represent a contingent right to receive one share per RSU and vested immediately on June 8, 2026. F2 — Shares were withheld by the issuer to satisfy tax withholding; this is not an open market sale.
• Shares owned after the transaction: not provided in the supplied filing excerpt.

Context

• RSU vesting is a compensation event: the awards converted into shares, and the company withheld a portion of those shares to cover tax obligations (a cashless/net settlement). This is a routine, compensation-related filing rather than a discretionary sale of shares on the open market.
• Implied gross market value of the vested RSUs (using $9.56/share) is about $129,194 (13,514 × $9.56), before the tax-withheld shares are removed.