Form 4: Applied Optoelectronics Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Hung-Lun (Fred) Chang, a Senior Vice President at Applied Optoelectronics, sold shares to cover tax obligations related to vesting restricted stock units.
Summary
- On April 22, 2024, Hung-Lun (Fred) Chang, a Senior Vice President at Applied Optoelectronics, sold shares of common stock to satisfy tax-withholding obligations.
- The sales were related to the vesting of restricted stock unit awards granted on June 11, 2021, June 27, 2022, and June 26, 2023.
- A total of 7,572 shares were sold at a price of $12.12 per share.
- Following these transactions, Chang directly owns 199,837 shares of Applied Optoelectronics common stock.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction (selling shares to cover taxes) and doesn't indicate any significant positive or negative sentiment.
Industry Context
Executive stock sales to cover tax obligations are a common occurrence, particularly after the vesting of equity-based compensation.
Stakeholder Impact
- The sale of shares by an executive could have a minor, temporary impact on the stock price, but is unlikely to have a significant long-term effect.
Key Dates
| Date | Description |
|---|---|
| 06/11/2021 | Date of restricted stock unit award grant related to some of the shares sold. |
| 06/27/2022 | Date of restricted stock unit award grant related to some of the shares sold. |
| 06/26/2023 | Date of restricted stock unit award grant related to some of the shares sold. |
| 04/22/2024 | Date of the stock sale transaction. |
| 04/24/2024 | Date of the Form 4 filing. |
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