Form 4: Bioventus Inc. Executive Katrina J. Church Reports Sale of Shares to Cover Taxes
SEC Form 4 Filing
Katrina J. Church, SVP & Chief Compliance Officer of Bioventus Inc., sold 1,325 shares of Class A Common Stock on April 11, 2024, to cover taxes upon the vesting of restricted stock units.
Summary
- On April 11, 2024, Katrina J. Church, SVP & Chief Compliance Officer of Bioventus Inc., sold 1,325 shares of Class A Common Stock.
- The sale was executed at a weighted average price of $4.75 per share.
- The transaction was made pursuant to a standing 10b5-1 instruction adopted on April 10, 2023, to cover taxes upon the vesting of restricted stock units on April 10, 2024.
- Following the transaction, Church beneficially owns 17,042 shares of Bioventus Inc. Class A Common Stock.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to executive compensation and tax planning, with no indication of unusual or concerning activity.
Industry Context
Executive stock sales are a common occurrence, often related to compensation and tax planning. The use of a 10b5-1 plan indicates a pre-arranged strategy to avoid accusations of insider trading.
Key Dates
| Date | Description |
|---|---|
| 04/10/2023 | Date of adoption of the standing 10b5-1 instruction. |
| 04/10/2024 | Date of vesting of restricted stock units. |
| 04/11/2024 | Date of the stock sale transaction. |
| 04/15/2024 | Date of signature of the Form 4 filing. |
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