4/A: Airgain CEO Jacob Suen Sells Shares to Cover Tax Obligations

Airgain's CEO, Jacob Suen, sold 10,639 shares of common stock on March 21, 2024, to cover tax withholding obligations related to the vesting of Restricted Stock Units (RSUs).

Summary

• On March 21, 2024, Jacob Suen, the President and CEO of Airgain Inc., sold 10,639 shares of the company's common stock.
• The sale was executed to cover tax withholding obligations associated with the vesting and settlement of Restricted Stock Units (RSUs).
• The shares were sold at a weighted average price of $5.0717, with individual transactions ranging from $5.0018 to $5.0744.
• Following the transaction, Suen directly owns 242,092 shares, which includes RSUs.
• This Form 4/A is an amendment to a previous filing on March 21, 2024, to correct errors in the reported amount of securities beneficially owned and to include information about weighted average sales prices.

Sentiment

Score: 6

Explanation: The document describes a routine stock sale to cover tax obligations, which is neither particularly positive nor negative. The amendment suggests minor administrative issues, but overall the sentiment is neutral.

Industry Context

Executive stock sales to cover tax obligations are a common practice and do not necessarily indicate a negative outlook for the company.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders due to the increased supply of shares, but it is unlikely to be significant given the relatively small number of shares sold.

Key Dates