4/A: Airgain CFO Michael Elbaz Corrects Form 4 Filing Regarding Stock Sale

Michael Elbaz, CFO of Airgain, Inc., amended a previous Form 4 filing to correct the number of securities beneficially owned and provide missing information on weighted average sales prices after selling shares to cover tax obligations.

Summary

• Michael Elbaz, the CFO of Airgain, Inc., filed an amended Form 4 with the SEC.
• The amendment corrects errors in the original filing from March 21, 2024, regarding the amount of securities beneficially owned following reported transactions.
• The original filing also inadvertently omitted information about weighted average sales prices.
• The reported transaction involves the sale of 4,014 shares of common stock on March 21, 2024, at a weighted average price of $5.0675 per share.
• The sale was to cover tax withholding obligations related to the vesting and settlement of Restricted Stock Units (RSUs).
• Following the transaction, Elbaz beneficially owns 109,571 shares, including RSUs.

Sentiment

Score: 7

Explanation: The document is a routine correction of a regulatory filing. It doesn't indicate any significant positive or negative developments for the company, but transparency is generally viewed favorably.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• Shareholders benefit from accurate and transparent reporting of insider transactions.

Key Dates