Form 4: Airgain CEO Sells Shares to Cover Tax Obligations

Airgain's CEO, Jacob Suen, sold 12,093 shares of common stock on March 7, 2025, to cover tax withholding obligations related to the vesting of Restricted Stock Units (RSUs).

Summary

• On March 7, 2025, Jacob Suen, the President and CEO of Airgain, Inc. (AIRG), sold 12,093 shares of the company's common stock.
• The shares were sold at a weighted average price of $4.8465, with individual sales prices ranging from $4.8000 to $4.8476.
• The sale was executed to cover tax withholding obligations associated with the vesting and settlement of Restricted Stock Units (RSUs).
• Following the transaction, Suen directly owns 229,999 shares, which includes RSUs.

Sentiment

Score: 6

Explanation: The document describes a routine transaction (sale of shares to cover taxes on vested RSUs). It's neutral in nature and doesn't indicate any significant positive or negative sentiment regarding the company's performance or outlook.

Management Comments

• The sale was to satisfy tax withholding obligations to be funded by a 'sell to cover' transaction and does not represent a discretionary transaction by the Reporting Person.

Industry Context

Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives and are generally viewed as routine transactions.

Stakeholder Impact

• The sale of shares by the CEO could have a minor, temporary impact on the stock price, but is unlikely to have a significant long-term effect on shareholders.

Key Dates