Form 4: Applied Optoelectronics Executive Sells Shares to Cover Tax Obligations
SEC Form 4
David C. 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 April 22, 2024, David C. Kuo, Senior Vice President and Chief Legal Officer of 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 4,955 shares were sold at a price of $12.12 per share.
- Following the transactions, Kuo directly owns 113,254 shares of Applied Optoelectronics common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. The stock sale is related to tax obligations and doesn't necessarily indicate a change in the executive's confidence in the company.
Industry Context
This is a routine Form 4 filing, reflecting insider transactions related to equity compensation. It's common for executives to sell shares to cover tax obligations when restricted stock units vest.
Key Dates
| Date | Description |
|---|---|
| 06/11/2021 | Date of restricted stock unit award grant related to some of the share sales. |
| 06/27/2022 | Date of restricted stock unit award grant related to some of the share sales. |
| 06/26/2023 | Date of restricted stock unit award grant related to some of the share sales. |
| 04/22/2024 | Date of the stock sales reported in the Form 4. |
| 04/24/2024 | Date of the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.