Form 4: Atomera CEO Scott Bibaud Sells Shares to Cover Tax Obligations
SEC Form 4
Atomera CEO Scott Bibaud sold shares of common stock on June 3, 2024, to cover tax withholding obligations related to vesting restricted stock grants.
Summary
- On June 3, 2024, Scott A. Bibaud, CEO and President of Atomera Inc., sold shares of the company's common stock.
- The sales were executed to cover tax withholding obligations associated with the vesting of restricted stock grants.
- A total of 5,174 shares were sold at a price of $4.13 per share.
- Following the transactions, Bibaud directly owns 343,883 shares of Atomera Inc.
- The sales were conducted as 'sell to cover' transactions to satisfy mandatory non-discretionary tax withholding obligations.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (stock sale for tax obligations). It's neutral in sentiment as it doesn't indicate positive or negative performance for the company.
Industry Context
Executive stock sales are a common occurrence, often related to compensation and tax planning. It's important to consider the context of these sales, such as whether they are part of a pre-arranged trading plan or represent a significant portion of the executive's holdings.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders due to the small volume of shares sold.
Key Dates
| Date | Description |
|---|---|
| 06/03/2024 | Date of stock sale transactions. |
| 06/05/2024 | Date of signature on the Form 4 filing. |
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