Form 4: Atomera Inc. Executive Robert J. Mears Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Robert J. Mears, Chief Technology Officer of Atomera Inc., sold shares to cover tax withholding obligations related to vesting restricted stock grants.
Summary
- On September 3, 2024, Robert J. Mears, the Chief Technology Officer of Atomera Inc., sold a total of 2,269 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, Mears directly owns 132,694 shares and indirectly owns 2,666 shares through his spouse.
Sentiment
Score: 5
Explanation: The document reflects a neutral event (selling shares to cover taxes) with no inherent positive or negative implications for the company's overall prospects.
Industry Context
This is a routine Form 4 filing related to insider transactions. It is common for executives to sell shares to cover tax obligations when restricted stock vests.
Stakeholder Impact
- The stock sale may have a minor, temporary impact on the stock price, but is unlikely to have a significant long-term effect on shareholders.
- The transaction does not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 09/03/2024 | Date of stock sale transactions by Robert J. Mears |
| 09/04/2024 | Date of signature for the Form 4 filing |
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