Form 4: Astrana Health Chief Medical Officer Sells Shares to Cover Tax Obligations

Astrana Health's Chief Medical Officer, Dinesh M. Kumar, sold 967 shares of common stock to cover tax obligations related to vesting restricted stock.

Summary

• Dinesh M. Kumar, Chief Medical Officer of Astrana Health, Inc., sold 967 shares of common stock on January 1, 2025.
• The sale was executed to cover tax withholding obligations associated with the vesting of restricted stock.
• The sale price was $31.53 per share.
• Following the transaction, Mr. Kumar beneficially owns 215,872 shares of common stock.
• This total includes 143,869 shares of restricted stock that will vest over time and 67,238 restricted stock units that will vest subject to performance goals.

Sentiment

Score: 5

Explanation: This is a neutral event, a routine transaction for tax purposes, and does not indicate any positive or negative sentiment about the company's performance.

Industry Context

This is a routine filing related to insider transactions and is common for executives who receive stock-based compensation.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this transaction is consistent with typical executive compensation practices.
• The sale of shares to cover tax obligations is a common occurrence among executives who receive restricted stock or stock options.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Form 4, insider trading, stock sale, restricted stock, Astrana Health, ASTH, Chief Medical Officer, Dinesh M. Kumar