Form 4: AudioEye Executive Chairman Acquires Shares as Part of Compensation

Dr. Carr Bettis, Executive Chairman of AudioEye, acquired 772 shares of common stock as part of his base salary and disposed of 304 shares to cover withholding taxes.

Summary

• On August 31, 2024, Dr. Carr Bettis, the Executive Chairman of AudioEye, Inc., acquired 772 shares of common stock as part of his base salary.
• These shares were issued according to his amended employment agreement.
• On the same day, Dr. Bettis disposed of 304 shares to cover withholding taxes associated with the issuance of the 772 shares.
• Following these transactions, Dr. Bettis directly owns 450,278 shares of AudioEye common stock.
• He is also deemed a beneficial owner of 425,045 shares held by CSB IV US Holdings LLC and 18,600 shares held in his IRA.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of shares by the Executive Chairman is a positive sign, indicating confidence in the company. The tax-related disposal is a normal occurrence.

Positives

• The acquisition of shares by the Executive Chairman as part of his compensation package aligns his interests with those of the shareholders.

Negatives

• The disposal of shares to cover withholding taxes, while standard practice, slightly reduces the overall increase in Dr. Bettis's direct holdings.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions and is common for publicly traded companies. It provides transparency into the stock ownership changes of company executives.

Stakeholder Impact

• The stock acquisition by the Executive Chairman could have a slightly positive impact on shareholder confidence.

Key Dates