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

Nabeel Subainati, Vice President of Finance at Avinger Inc., sold 1,255 shares of common stock to cover tax obligations related to vesting of RSUs.

Summary

• Nabeel Subainati, Vice President of Finance at Avinger Inc., sold 1,255 shares of common stock on January 23, 2025.
• The sale was executed at a price of $0.5567 per share.
• This transaction was to cover tax withholding obligations related to the vesting of Restricted Stock Units (RSUs) on January 18, 2025.
• Following the transaction, Mr. Subainati directly owns 3,296 shares of Avinger Inc. common stock.
• The sale was not a discretionary trade by the reporting person.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment about the company's performance.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when RSUs vest.

Comparison to Industry Standards

• Sales of shares to cover tax obligations are a common practice among executives at publicly traded companies.
• The sale is consistent with standard procedures for handling RSU vesting and associated tax liabilities.
• Similar transactions are regularly reported by executives at comparable companies.

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, AVGR, insider trading, Form 4, stock sale, RSU, tax obligations, Nabeel Subainati