Form 4: Axogen VP Operations, Michael Patrick Donovan, Reports Stock Transactions

Michael Patrick Donovan, VP of Operations at Axogen, Inc., reports the vesting and sale of restricted stock units to cover tax obligations.

Summary

• On March 16, 2024, Michael Patrick Donovan, VP of Operations at Axogen, Inc., had restricted stock units vest, resulting in the acquisition of common stock.
• To cover tax withholding obligations related to the vesting, Donovan sold shares of common stock on March 21, 2024, at a price of $7.68 per share.
• The transactions were executed under the issuer's equity incentive plans, mandating a 'sell to cover' transaction for tax obligations.
• Following these transactions, Donovan still beneficially owns a significant amount of Axogen, Inc. common stock and restricted stock units.

Sentiment

Score: 5

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

Industry Context

Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Key Dates