Form 4: Beyond Meat CEO Ethan Brown Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Ethan Brown, CEO of Beyond Meat, disposed of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On September 3, 2024, Ethan Brown, the CEO of Beyond Meat, disposed of 3,688 shares of common stock to cover tax obligations.
- The shares were sold at a price of $5.99 per share.
- Following the transaction, Brown directly owns 1,222,553 shares of Beyond Meat.
- Brown also indirectly owns 639,881 shares through the Brown Asset Holding LLC, which is wholly owned by the Ethan Brown 2022 GRAT.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reflects a routine transaction for tax purposes and doesn't indicate a significant change in the executive's outlook on the company.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It doesn't necessarily reflect a change in the executive's confidence in the company's future prospects.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/03/2024 | Date of transaction: Ethan Brown disposed of shares. |
| 09/05/2024 | Date of signature on the report. |
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