A Form 4 filed with the SEC on October 27, 2026 discloses that David R. Price, CEO and Director of PriceSmart Inc (NASDAQ:PSMT), had 13,366 shares of common stock withheld on October 26, 2026 to satisfy tax obligations upon the vesting of restricted stock.

Key Highlights

  • Reporting person: David R. Price, serving as CEO and Director of PriceSmart Inc.
  • Transaction type: Code F, representing shares withheld by the issuer to cover the reporting person's tax withholding obligation upon restricted stock vesting.
  • Shares withheld: 13,366 shares of Common Stock, $0.0001 par value per share, disposed of at $170.95 per share on October 26, 2026.
  • Direct holdings after transaction: 124,928 shares of common stock held directly.
  • Indirect holdings: 51,305 shares held indirectly by the David Price Trust.
  • Filing form: Filed by one reporting person; no amendment date indicated.

PriceSmart CEO's Restricted Stock Vesting and Tax Withholding Transaction

According to the filing, David R. Price, who serves as both CEO and Director of PriceSmart Inc, reported a single non-derivative securities transaction on October 26, 2026. The transaction, coded "F," reflects the withholding of 13,366 shares of PriceSmart common stock (par value $0.0001 per share) by the issuer at a price of $170.95 per share. The filing states this withholding was made to satisfy Price's tax withholding obligation arising from the vesting of restricted stock.

Following the reported transaction, the filing discloses that Price directly holds 124,928 shares of PriceSmart common stock. In addition, the filing records 51,305 shares held indirectly through the David Price Trust, for which the ownership form is listed as indirect. No derivative securities transactions were reported in Table II of the filing.

The Form 4 was signed by Gualberto Hernandez on October 26, 2026, and filed pursuant to Section 16(a) of the Securities Exchange Act of 1934. The filing does not indicate that any transaction was made pursuant to a Rule 10b5-1(c) plan, as the corresponding checkbox was not selected.

What Was Disclosed

PriceSmart CEO and Director David R. Price reported the withholding of 13,366 shares at $170.95 per share on October 26, 2026, to cover taxes upon restricted stock vesting. He directly owns 124,928 shares and indirectly holds 51,305 shares via the David Price Trust.