Form 4: ATI Physical Therapy Executive Augustus Oakes Reports Tax Withholding Transaction

Augustus Oakes, Chief Information Officer of ATI Physical Therapy, reports a transaction involving the withholding of shares to cover tax obligations upon vesting of restricted stock units and awards.

Summary

• On March 22, 2024, Augustus Oakes, the Chief Information Officer of ATI Physical Therapy, Inc., had 1,437 shares of Class A Common Stock withheld by the issuer to satisfy tax withholding obligations upon the vesting of restricted stock units (RSUs) and restricted stock awards (RSAs).
• The price per share for the transaction was $6.08.
• Following the transaction, Oakes beneficially owns 16,558 shares of Class A Common Stock directly.
• Oakes also holds 10,526 unvested RSUs and 115 unvested RSAs.

Sentiment

Score: 5

Explanation: The document reports a routine transaction related to tax obligations, which is neutral in sentiment.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves a small number of shares withheld for tax purposes.

Key Dates

Keywords

Form 4, ATI Physical Therapy, Augustus Oakes, Chief Information Officer, Tax Withholding, Restricted Stock Units, RSUs, Restricted Stock Awards, RSAs, Beneficial Ownership, ATIP