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

Byron C Scott, a director at Accuray Inc., forfeited 22,642 common stock shares due to a cash settlement election.

Summary

• Byron C Scott, a director of Accuray Inc., has forfeited 22,642 shares of common stock.
• The forfeiture occurred on November 9, 2024.
• The shares were forfeited as a result of a cash settlement election made by the director in the grant agreement.
• The price per share at the time of the transaction was $1.98.
• Following the transaction, Mr. Scott directly owns 119,333 shares of Accuray Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a neutral report of a standard insider transaction, with no indication of positive or negative sentiment.

Industry Context

This is a standard SEC Form 4 filing, which is common for reporting insider transactions. It does not indicate any broader industry trends.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the US, and this transaction is consistent with typical reporting requirements.
• Similar transactions occur regularly at other publicly traded companies, such as Varian Medical Systems and Elekta, which are competitors of Accuray in the radiation oncology space.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it is a forfeiture of shares by a director, not a sale on the open market.

Key Dates

Keywords

Accuray Inc, director, share forfeiture, cash settlement, common stock, insider transaction