Form 4: Astrana Health Director Mitchell W. Kitayama Reports Stock Option Exercise and Share Disposals
SEC Form 4 Filing
Director Mitchell W. Kitayama exercised stock options and disposed of shares of Astrana Health, Inc. on September 10, 2024.
Summary
- On September 10, 2024, Mitchell W. Kitayama, a director of Astrana Health, Inc., exercised stock options to acquire 11,000 shares of common stock at a price of $15.35 per share.
- Following the exercise, Kitayama disposed of 3,522 shares to cover tax obligations at a price of $47.93.
- After these transactions, Kitayama directly owns 17,792 shares of Astrana Health common stock.
- This includes 6,750 shares of restricted stock vesting on December 9, 2024, and 3,564 shares vesting on August 13, 2025, or the date of the 2025 annual meeting.
Sentiment
Score: 5
Explanation: The document is a neutral report of insider transactions, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company directors. It's common for executives to exercise stock options and sell a portion of the acquired shares to cover taxes.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company director.
Key Dates
| Date | Description |
|---|---|
| 09/10/2024 | Date of stock option exercise and share disposal. |
| 10/11/2024 | Expiration date of the stock options. |
| 12/09/2024 | Vesting date for 6,750 shares of restricted stock. |
| 08/13/2025 | Vesting date for 3,564 shares of restricted stock, or the date of the 2025 annual meeting. |
| 09/11/2024 | Date of signature on the Form 4 filing. |
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