Form 4: Atomera Inc. Executive Sells Shares to Cover Tax Obligations
SEC Form 4
Jeffrey A. Lewis, SVP of Marketing and Business Development at Atomera Inc., sold shares to cover tax withholding obligations related to vesting restricted stock grants.
Summary
- On March 1, 2024, Jeffrey A. Lewis, SVP of Marketing and Business Development at Atomera Inc., sold 191 shares of common stock at $6.2 per share.
- He also sold 477 shares of common stock on the same day at $6.2 per share.
- These sales were executed to cover tax withholding obligations associated with the vesting of restricted stock grants.
- Following these transactions, Lewis beneficially owns 26,407 shares of Atomera Inc. common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing reflects a routine transaction to cover tax obligations, with no indication of positive or negative implications for the company's performance.
Industry Context
Executive stock sales are a common occurrence and are often related to compensation and tax planning. This transaction appears to be a routine 'sell to cover' event, which is a standard practice.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of stock sale transactions. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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