Form 4: Accuray Inc. CFO Ali Pervaiz Reports Stock Transactions
SEC Form 4 Filing
Accuray Inc.'s CFO, Ali Pervaiz, reported the acquisition of restricted stock units and the disposal of shares to cover tax obligations.
Summary
- Ali Pervaiz, the Senior Vice President and Chief Financial Officer of Accuray Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On November 29, 2024, Pervaiz acquired 132,075 restricted stock units (RSUs).
- These RSUs vest over three years, with 34% vesting on the first anniversary, and 33% on the second and third anniversaries of the commencement date.
- On December 2, 2024, 26,687 shares of common stock were disposed of at a price of $2.15 per share to cover tax obligations related to the vesting of RSUs.
- Following these transactions, Pervaiz directly owns 364,244 shares of Accuray Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine filing of stock transactions by a company executive, which is neither positive nor negative in itself. It is a neutral event.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies. It provides transparency into the ownership changes of company insiders.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with the requirements of the Securities and Exchange Commission (SEC).
- The vesting schedule of the restricted stock units is typical for executive compensation packages, often using a three-year vesting period.
- The disposal of shares to cover tax obligations is a common occurrence when restricted stock units vest.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect changes in insider ownership, which is a normal part of company operations.
Key Dates
| Date | Description |
|---|---|
| 11/29/2024 | Date of the grant of 132,075 restricted stock units. |
| 12/02/2024 | Date of the disposal of 26,687 shares to cover tax obligations. |
| 12/03/2024 | Date of the signature of the Form 4 filing. |
Keywords
Accuray Inc, Ali Pervaiz, Form 4, restricted stock units, RSU, stock transaction, insider trading, beneficial ownership, tax withholding
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