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 9,261 shares of common stock on March 1, 2024, to satisfy tax withholding obligations.
Summary
- On March 1, 2024, Mark Kokes, Chief Licensing Officer, Media at Adeia Inc., disposed of 9,261 shares of common stock.
- The transaction was executed to cover tax withholding obligations related to the vesting of shares.
- The shares were sold at a price of $11.53 per share.
- Following the transaction, Kokes directly owns 132,985 shares of Adeia Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. An executive selling shares to cover taxes is a normal occurrence.
Industry Context
Form 4 filings are a routine part of the US stock market and are required by the SEC to ensure transparency of trading by corporate insiders.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of transaction: Mark Kokes disposed of shares to cover tax obligations. |
| 03/04/2024 | Date of signature on the Form 4 filing. |
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