Form 4: AudioEye Executive Chairman Acquires Shares as Part of Compensation, Disposes Shares for Tax Obligations
SEC Form 4 Filing
Dr. Carr Bettis, Executive Chairman of AudioEye, Inc., acquired 772 shares of common stock as part of his base salary and disposed of 229 shares to cover withholding taxes.
Summary
- On April 30, 2024, Dr. Carr Bettis, the Executive Chairman of AudioEye, Inc., acquired 772 shares of common stock as part of his base salary.
- Simultaneously, he disposed of 229 shares of common stock to cover withholding taxes associated with the issuance of the 772 shares.
- Following these transactions, Dr. Bettis directly owns 448,234 shares of common stock.
- He is also deemed a beneficial owner of 432,375 shares held by CSB IV US Holdings LLC and 18,600 shares held in his IRA.
Sentiment
Score: 6
Explanation: Neutral sentiment as the filing reflects routine compensation and tax-related transactions.
Positives
- The acquisition of shares by the Executive Chairman as part of his compensation aligns his interests with those of the shareholders.
Industry Context
This filing is a routine disclosure related to insider transactions and compensation practices, common among publicly traded companies.
Stakeholder Impact
- The stock acquisition as part of the executive's compensation package could be viewed positively by shareholders as it aligns management's interests with theirs.
Key Dates
| Date | Description |
|---|---|
| 04/30/2024 | Date of stock acquisition and disposal for tax obligations. |
| 05/02/2024 | Date of signature for the Form 4 filing. |
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