Form 4: Bark Inc. Chief Legal Officer Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Allison Koehler, Chief Legal Officer of Bark Inc., disposed of 2,517 shares of common stock on May 15, 2024, to cover tax withholding obligations related to a restricted stock unit vesting.
Summary
- On May 15, 2024, Allison Koehler, the Chief Legal Officer of Bark Inc., disposed of 2,517 shares of the company's common stock.
- The transaction was executed to satisfy tax withholding obligations arising from the vesting and settlement of a Restricted Stock Units (RSU) award.
- The shares were disposed of at a price of $1.27 per share.
- Following the transaction, Koehler directly owns 397,298 shares of Bark Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions by a company insider for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of stock disposal transaction. |
| 05/17/2024 | Date of signature on the Form 4 filing. |
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