Form 4: AudioEye Executive Chairman Acquires Shares as Part of Compensation, Disposes Shares for Tax Obligations

Dr. Carr Bettis, Executive Chairman of AudioEye, acquired 772 shares of common stock as part of his base salary and disposed of 229 shares to cover withholding taxes.

Summary

• On March 31, 2024, Dr. Carr Bettis, the Executive Chairman of AudioEye, Inc., acquired 772 shares of common stock as part of his base salary.
• The shares were issued at a price of $0.
• On the same day, Dr. Bettis disposed of 229 shares of common stock at a price of $10.01 to cover withholding taxes associated with the issuance of the 772 shares.
• Following these transactions, Dr. Bettis directly owns 447,691 shares of common stock.
• Dr. Bettis is also deemed to be 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: The sentiment is neutral as the filing reflects routine transactions related to executive compensation and tax obligations. There is no indication of significant positive or negative developments.

Positives

• The acquisition of shares as part of the base salary demonstrates a continued investment in the company by the Executive Chairman.

Negatives

• The disposal of shares to cover withholding taxes reduces the overall holdings of the Executive Chairman, although this is a standard practice.

Industry Context

This filing is a routine disclosure related to insider transactions and is common for publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.

Key Dates