Form 4: Airgain CFO Michael Elbaz Sells Shares to Cover Tax Obligations
SEC Form 4
Airgain's Chief Financial Officer, Michael Elbaz, sold shares of common stock to cover tax withholding obligations related to the vesting and settlement of Restricted Stock Units (RSUs).
Summary
- On March 21, 2024, Michael Elbaz, the Chief Financial Officer of Airgain Inc., sold shares of the company's common stock.
- The sales were executed in two separate transactions at prices of $5.1044 and $5.1033 per share.
- A total of 1,842 shares were sold in the first transaction and 2,172 shares in the second transaction.
- These sales were conducted to cover tax withholding obligations associated with the vesting and settlement of Restricted Stock Units (RSUs).
- Following these transactions, Elbaz directly owns 109,570 shares, which includes RSUs.
Sentiment
Score: 5
Explanation: The document describes routine transactions to cover tax obligations, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are a routine part of insider trading activity and are closely monitored by investors for insights into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 03/21/2024 | Date of share sale transactions. |
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