Form 4: ATI Physical Therapy Executive Sells Shares to Cover Tax Obligations

Brent Michael Rhodes, Chief Accounting Officer of ATI Physical Therapy, sold 975 shares of Class A Common Stock on March 22, 2024, to satisfy tax withholding obligations upon vesting of restricted stock units and awards.

Summary

• On March 22, 2024, Brent Michael Rhodes, the Chief Accounting Officer of ATI Physical Therapy, Inc., disposed of 975 shares of Class A Common Stock.
• The transaction was executed to cover tax withholding obligations related to the vesting of Restricted Stock Units (RSUs) and Restricted Stock Awards (RSAs).
• The shares were sold at a price of $6.08 per share.
• Following the transaction, Rhodes directly owns 10,111 shares of Class A Common Stock.
• Rhodes also holds 7,150 unvested RSUs and 64 unvested RSAs.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of the US stock market, and are required by the SEC to provide transparency when company insiders trade their company's stock. Often these sales are to cover tax obligations.

Key Dates

Keywords

Form 4, ATI Physical Therapy, Brent Michael Rhodes, Chief Accounting Officer, Stock Sale, Tax Withholding, Restricted Stock Units, RSUs, Restricted Stock Awards, RSAs, Class A Common Stock