Form 4: ATI Physical Therapy COO Christopher Cox Reports Stock Transaction

Christopher Cox, COO of ATI Physical Therapy, reported the disposition of 5,775 shares of Class A Common Stock to cover tax obligations upon vesting of Restricted Stock Units on March 22, 2024.

Summary

• On March 22, 2024, Christopher Cox, the Chief Operating Officer of ATI Physical Therapy, Inc., reported a transaction involving Class A Common Stock.
• The transaction involved the disposition of 5,775 shares to satisfy tax withholding obligations upon the vesting of Restricted Stock Units (RSUs).
• The shares were disposed of at a price of $6.08 per share.
• Following the transaction, Cox directly owns 53,049 shares of Class A Common Stock.
• Cox also holds 39,216 unvested RSUs.
• A reverse stock split of 1-for-50 was effected by the issuer on June 14, 2023.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.

Stakeholder Impact

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

Key Dates

Keywords

Form 4, ATI Physical Therapy, Christopher Cox, Stock Transaction, Class A Common Stock, Restricted Stock Units, COO, ATIP