Form 4: Atomera's CTO, Robert Mears, Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Robert Mears, Chief Technology Officer of Atomera Inc., sold shares of common stock to cover tax withholding obligations related to vesting restricted stock grants.
Summary
- Robert J. Mears, the Chief Technology Officer of Atomera Inc., reported the sale of company stock on March 3rd and 4th, 2025.
- The sales were executed to cover tax withholding obligations associated with the vesting of restricted stock grants.
- A total of 4,834 shares were sold at prices of $5.91 and $5.13 per share.
- The sales were conducted under a pre-arranged Rule 10b5-1 trading plan.
- Following the transactions, Mears directly owns 205,142 shares of Atomera Inc. common stock and indirectly owns 2,666 shares through his spouse.
Sentiment
Score: 5
Explanation: The document describes routine stock sales for tax purposes, which is neutral in sentiment.
Industry Context
Sales of stock to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives and do not necessarily indicate a negative outlook on the company's future.
Key Dates
| Date | Description |
|---|---|
| 03/03/2025 | Date of stock sales to cover tax obligations. |
| 03/04/2025 | Date of stock sales to cover tax obligations. |
| 03/05/2025 | Date of signature on the Form 4 filing. |
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