Form 4: Accuray CFO Ali Pervaiz Reports Tax-Related Stock Disposal
SEC Form 4
Ali Pervaiz, SVP and CFO of Accuray Inc., disposed of 3,207 shares of common stock on October 29, 2024, to cover tax obligations related to RSU settlement.
Summary
- On October 29, 2024, Ali Pervaiz, the SVP and CFO of Accuray Inc., disposed of 3,207 shares of common stock.
- The transaction was executed to satisfy tax withholding and remittance obligations associated with the net settlement of Restricted Stock Units (RSUs).
- The shares were disposed of at a price of $1.86 per share.
- Following the transaction, Pervaiz directly owns 390,931 shares of Accuray Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
This is a routine Form 4 filing related to insider transactions. It is common for company executives to sell shares to cover tax obligations related to the vesting of stock awards.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 10/29/2024 | Date of stock disposal transaction |
| 10/31/2024 | Date of signature on the Form 4 filing |
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