Francis Andrew Scott 4
Research Summary
AI-generated summary
T Stamp (IDAI) CTO Francis Scott Receives RSUs; Shares Withheld
What Happened
- Francis Andrew Scott, Chief Technology Officer of T Stamp Inc. (IDAI), had restricted stock units (RSUs) vest and convert into 74,212 shares of Class A common stock on 2026-04-06. To satisfy tax withholding, the company withheld 11,131 shares at $2.60 per share (total ~$28,941), resulting in a net receipt of approximately 63,081 shares. The Form 4 was filed on 2026-04-08.
Key Details
- Transaction date: 2026-04-06; Form 4 filed: 2026-04-08 (timely filing).
- Shares issued on vesting (conversion of derivatives): 10,025 and 64,187 (total 74,212).
- Shares withheld for tax withholding: 1,503 and 9,628 (total 11,131) at $2.60/share = $28,941.
- Net shares added to Scott’s holdings: ~63,081 (74,212 issued − 11,131 withheld).
- Transaction codes: M = conversion/exercise of derivative (RSU vesting); F = payment of exercise price or tax liability (withholding).
- Footnotes: F1–RSUs issued upon vesting; F2–shares withheld to satisfy tax withholding; F3–each RSU equals one contingent share on vesting.
- Shares owned after the transaction: not specified in the provided excerpt.
Context
- This was an RSU vesting event (conversion of restricted stock units into shares), not an open-market buy or sale. The withholding of shares to cover taxes is a routine, administrative step (a cashless withholding), and should not be interpreted as an intentional market sale by the insider.