Form 4: Atomera CEO Scott Bibaud Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Atomera's CEO, Scott Bibaud, sold shares of common stock on March 3, 2025, to cover tax withholding obligations related to vesting restricted stock grants.
Summary
- On March 3, 2025, Scott Bibaud, the CEO and President of Atomera Inc., sold shares of the company's common stock.
- The sales were executed in multiple transactions at a price of $5.91 per share.
- A total of 5,165 shares were sold to cover tax withholding obligations associated with the vesting of restricted stock grants.
- Following these transactions, Bibaud still beneficially owns 533,818 shares of Atomera Inc.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover taxes), so the sentiment is neutral.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among executives of publicly traded companies.
Stakeholder Impact
- The sale of shares by the CEO could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 03/03/2025 | Date of stock sale transactions. |
| 03/05/2025 | Date of signature for the Form 4 filing. |
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