Form 4: Applied Optoelectronics SVP David Kuo Reports Stock Disposals to Cover Tax Obligations

David Kuo, SVP and Chief Legal Officer of Applied Optoelectronics, reported disposing of shares to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On July 22, 2024, David C. Kuo, Senior Vice President and Chief Legal Officer of Applied Optoelectronics, Inc. (AAOI), filed a Form 4.
• The form reports the disposal of common stock to satisfy tax-withholding obligations upon the vesting of restricted stock units.
• Kuo disposed of 624 shares, 922 shares, 1,100 shares, 1,928 shares, and 488 shares at a price of $9.68 per share.
• Following these transactions, Kuo beneficially owns 142,921 shares of Applied Optoelectronics, Inc.
• The disposals relate to restricted stock units granted on June 11, 2021, June 27, 2022, June 26, 2023, and April 29, 2024.

Sentiment

Score: 5

Explanation: Neutral sentiment as the filing relates to routine tax obligations and doesn't indicate a change in the company's fundamentals.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Disposals to cover tax obligations are common and don't necessarily indicate a negative outlook on the company.

Stakeholder Impact

• The stock disposal may have a minor impact on shareholders due to the small number of shares involved.

Key Dates