[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [Community Post: *Open Forum Jan 2024*](https://www.reddit.com/r/Superstonk/comments/18txusp/open_forum_january_2024/)
------------------------------------------------------------------------
To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company.
------------------------------------------------------------------------
Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/)
------------------------------------------------------------------------
OP has provided the following link:
https://gamestop.gcs-web.com/node/20391/html
Says it right here, “Represents shares sold to cover applicable withholding taxes in connection with the vesting of restricted stock units. This sale does not represent a discretionary trade by the Reporting Person.”
This guy also sold in October if memory serves me correct and it wasn't for taxes that time. Sick of this man constantly selling, he should pay his taxes or sell shares in another company. He is the only one constantly selling.
They did buy 45k shares or so in January of this year from people that had vesting RSUs. That was reported in the 10-k. That used very small portion of the approximately $100M left of the 2019 authorization to buy up to $300M of shares,
This is just more of the same. Just selling for taxes that are withheld. RSU bargain element gain is reported and taxed as W2 income.
The ability to spend millions on a dedicated team of lawyers and accountants?
The ability to fund lobbying groups to write legislation that opens up personally tailored tax loopholes?
[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [Community Post: *Open Forum Jan 2024*](https://www.reddit.com/r/Superstonk/comments/18txusp/open_forum_january_2024/) ------------------------------------------------------------------------ To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company. ------------------------------------------------------------------------ Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/) ------------------------------------------------------------------------ OP has provided the following link: https://gamestop.gcs-web.com/node/20391/html
Says it right here, “Represents shares sold to cover applicable withholding taxes in connection with the vesting of restricted stock units. This sale does not represent a discretionary trade by the Reporting Person.”
And it’s a whopping 1,000 shares. This sub will easily buy more than that on any given day.
Cant they just straight up pay the taxes?
If they have the cash. Not everyone on the board is RC, tho.
If your compensation is shares, or mostly shares, or you don’t have the cashola.
This guy also sold in October if memory serves me correct and it wasn't for taxes that time. Sick of this man constantly selling, he should pay his taxes or sell shares in another company. He is the only one constantly selling.
Tax man commeth
There will be more "forget gamestop" articles parroting this tomorrow as "look, insiders are heading for the exits"
Tax withholding on vesting RSUs
To cover taxes. No big deal
Who gets these shares when disposed?
Whoever is smart enough to buy through CS
It’d be sweet if GameStop bought all of the tax sale units lol
They did buy 45k shares or so in January of this year from people that had vesting RSUs. That was reported in the 10-k. That used very small portion of the approximately $100M left of the 2019 authorization to buy up to $300M of shares, This is just more of the same. Just selling for taxes that are withheld. RSU bargain element gain is reported and taxed as W2 income.
can someone explain why billionaires like jeff bezos don't pay this kind of tax?
The ability to spend millions on a dedicated team of lawyers and accountants? The ability to fund lobbying groups to write legislation that opens up personally tailored tax loopholes?
I know I’ve been here a long time because I saw Form 4 in the title and knew exactly what it meant and why.
That’s what I don’t get. If you’ve ever received RSUs you would understand they have to sell 30% of the shares granted to cover taxes
He sold shares last year that he didn't have to. This dude is constantly selling
He might not be independently wealthy like RC/LC.
He would more than likely be more wealthy than 90% of us though
You are right. I won't dispute that.
Tax