Form 4: AudioEye Executive Chairman Carr Bettis Reports Stock Transactions

Carr Bettis, Executive Chairman of AudioEye, reports acquisition of shares as part of his salary and disposition of shares to cover withholding taxes.

Summary

• On June 30, 2024, Carr Bettis, the Executive Chairman of AudioEye, Inc., acquired 772 shares of common stock as part of his base salary.
• These shares were acquired at a price of $0.
• On the same day, he disposed of 229 shares of common stock at a price of $17.61 to cover withholding taxes associated with the issuance of the 772 shares.
• Following these transactions, Bettis directly owns 449,320 shares of 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 by Carr Bettis IRA.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing primarily reflects routine stock transactions related to executive compensation and tax obligations.

Positives

• The acquisition of shares as part of the executive's salary demonstrates alignment with the company's success.

Negatives

• The disposal of shares to cover withholding taxes, while routine, slightly reduces the executive's direct holdings.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax-related stock movements.

Key Dates