Form 4: Avinger Inc. CEO Sells Shares to Cover Tax Obligations

Avinger Inc.'s CEO, Jeffrey M. Soinski, sold 3,690 shares of common stock to cover tax obligations related to the vesting of restricted stock units.

Summary

• Jeffrey M. Soinski, the CEO of Avinger Inc., sold 3,690 shares of common stock on January 23, 2025.
• The sale was executed at a price of $0.5567 per share.
• This transaction was not a discretionary trade but rather a sale to cover tax withholding obligations related to the vesting of restricted stock units (RSUs) on January 18, 2025.
• Following the transaction, Mr. Soinski beneficially owns 55,265 shares of Avinger Inc. common stock.

Sentiment

Score: 5

Explanation: The document describes a routine transaction related to tax obligations, which is neither positive nor negative for the company's outlook.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.

Comparison to Industry Standards

• Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among executives in publicly traded companies.
• This type of transaction is not unusual and is generally considered a normal part of executive compensation packages.
• Many companies, such as Medtronic, Boston Scientific, and Abbott, have executives who regularly engage in similar transactions.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Avinger Inc, Jeffrey M. Soinski, stock sale, tax obligations, restricted stock units, CEO, AVGR