Form 4: ATAI Life Sciences Officer Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Srinivas Rao, Chief Scientific Officer of ATAI Life Sciences, sold 61,640 common shares on April 2, 2024, to cover tax liabilities arising from the vesting of restricted stock units.
Summary
- On April 2, 2024, Srinivas Rao, the Chief Scientific Officer of ATAI Life Sciences N.V., sold 61,640 common shares of the company.
- The shares were sold at a price of $1.85 per share.
- The transaction was executed to satisfy the reporting person's tax liability on the vesting of restricted stock units.
- Following the transaction, Rao directly owns 113,360 common shares and indirectly owns 3,500 shares through a spouse.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover tax obligations) and does not contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Sales of shares by company officers are a normal part of corporate governance. It is common for officers to sell shares to cover tax obligations when restricted stock units vest.
Key Dates
| Date | Description |
|---|---|
| 04/02/2024 | Date of the transaction: Srinivas Rao sold 61,640 common shares. |
| 04/04/2024 | Date of signature on the Form 4 filing. |
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