Form 4: Accuray Inc. Director Beverly A Huss Forfeits Shares in Cash Settlement

Director Beverly A Huss forfeited 22,642 shares of Accuray Inc. common stock due to a cash settlement election.

Summary

• Beverly A Huss, a director at Accuray Inc., forfeited 22,642 shares of common stock on November 9, 2024.
• The forfeiture was a result of a cash settlement election made by the director as part of a grant agreement.
• The shares were forfeited at a price of $1.98 per share.
• Following the transaction, Ms. Huss directly owns 187,362 shares of Accuray Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a share forfeiture, which is neither positive nor negative in itself. It's a neutral event from an investment perspective.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders when they have transactions involving company stock. It provides transparency into the trading activities of company directors.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• The forfeiture of shares due to a cash settlement election is not uncommon, and is often part of executive compensation packages.
• The transaction is similar to other insider transactions reported by directors and officers of publicly traded companies.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects a change in ownership by a director, but does not indicate a change in the company's fundamentals.

Key Dates

Keywords

Accuray Inc, share forfeiture, insider trading, Form 4, director, equity securities, cash settlement