Form 4: Atomera Inc. CEO Scott Bibaud Sells Shares to Cover Tax Obligations
SEC Form 4
Atomera Inc. CEO Scott Bibaud sold shares of common stock on September 3, 2024, to cover tax withholding obligations related to vesting restricted stock grants.
Summary
- On September 3, 2024, Scott A. Bibaud, CEO and President of Atomera Inc., sold a total of 5,377 shares of common stock.
- The sales were executed at a price of $2.58 per share.
- These transactions were conducted to cover tax withholding obligations associated with the vesting of previously reported restricted stock grants.
- Following these transactions, Bibaud directly owns 338,506 shares of Atomera Inc. common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the transaction is a routine sale to cover tax obligations and doesn't necessarily reflect a change in the executive's outlook on the company.
Industry Context
Executive stock sales are a common occurrence, often related to compensation and tax planning. The impact on the stock price is usually minimal unless the sale is substantial or indicative of a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 09/03/2024 | Date of stock sale transactions |
| 09/04/2024 | Date of signature on the Form 4 filing |
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