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

Scott Gregerson, Chief Growth Officer of ATI Physical Therapy, sold shares to cover tax withholding obligations upon vesting of Restricted Stock Units.

Summary

• On March 22, 2024, Scott Gregerson, the Chief Growth Officer of ATI Physical Therapy, Inc., disposed of 3,391 shares of Class A Common Stock to satisfy tax withholding obligations.
• The shares were sold at a price of $6.08 per share.
• Following the transaction, Gregerson directly owns 26,021 shares of Class A Common Stock.
• The transaction was related to the vesting of Restricted Stock Units (RSUs), of which 19,608 remain unvested.
• A reverse stock split of 1-for-50 was effected by the issuer on June 14, 2023.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing related to an executive's stock transactions. It doesn't contain information that would significantly impact sentiment positively or negatively.

Future Outlook

The reporting person has 19,608 unvested RSUs.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This transaction appears to be a standard sale to cover tax obligations related to vesting equity.

Stakeholder Impact

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

Key Dates

Keywords

Form 4, ATI Physical Therapy, Scott Gregerson, Chief Growth Officer, Stock Sale, Tax Withholding, Restricted Stock Units, RSUs, Beneficial Ownership, Reverse Stock Split