Form 4: Applied Optoelectronics Executive David Kuo Sells Shares to Cover Tax Obligations
SEC Form 4
David Kuo, Senior Vice President and Chief Legal Officer of Applied Optoelectronics, sold shares to cover tax obligations related to vesting restricted stock units.
Summary
- On October 22, 2024, David C. Kuo, Senior Vice President and Chief Legal Officer of Applied Optoelectronics, Inc. (AAOI), disposed of shares of common stock to satisfy tax-withholding obligations.
- The transactions involved the surrender of shares back to the issuer upon the vesting of restricted stock unit awards.
- A total of 4,799 shares were disposed of at a price of $18.51 per share.
- Following these transactions, Kuo directly owns 128,122 shares of Applied Optoelectronics, Inc.
Sentiment
Score: 5
Explanation: The document is a routine Form 4 filing related to tax obligations, which is neutral in sentiment.
Industry Context
Executive stock sales for tax obligations are a common occurrence and generally don't indicate a negative outlook for the company.
Stakeholder Impact
- The stock sales could have a minor dilutive effect on shareholders, but the impact is likely insignificant.
Key Dates
| Date | Description |
|---|---|
| June 11, 2021 | Date of restricted stock unit award grant related to one of the tax withholding obligations. |
| June 27, 2022 | Date of restricted stock unit award grant related to one of the tax withholding obligations. |
| June 26, 2023 | Date of restricted stock unit award grant related to one of the tax withholding obligations. |
| April 29, 2024 | Date of restricted stock unit award grant related to one of the tax withholding obligations. |
| October 22, 2024 | Date of the stock disposal transactions. |
| October 24, 2024 | Date of signature on the Form 4 filing. |
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