Form 4: Adeia Inc. Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Mark Kokes, Chief Licensing Officer at Adeia Inc., disposed of 8,101 shares of common stock to cover tax withholding obligations.
Summary
- On October 19, 2024, Mark Kokes, Chief Licensing Officer, Media at Adeia Inc., disposed of 8,101 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations related to the release of shares subject to vesting.
- The shares were sold at a price of $12.44 per share.
- Following the transaction, Kokes directly owns 194,074 shares of Adeia Inc. common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover tax obligations). It doesn't indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. This transaction appears to be a standard sale to cover tax obligations, which is a common practice.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant effect given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 10/19/2024 | Date of transaction: Mark Kokes disposed of shares. |
| 10/22/2024 | Date of signature on the Form 4 filing. |
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