Form 4: Blade Air Mobility CEO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Blade Air Mobility CEO Robert S. Wiesenthal sold shares of Class A common stock on March 13 and 14, 2024, to cover tax withholding obligations related to the vesting of restricted stock units.
Summary
- Robert S. Wiesenthal, CEO of Blade Air Mobility, sold shares of Class A common stock on March 13 and 14, 2024.
- The sales were executed to cover tax withholding obligations associated with the vesting of a restricted stock unit award.
- On March 13, 2024, 68,387 shares were sold at a weighted average price of $2.7649, with individual prices ranging from $2.655 to $2.875.
- On March 14, 2024, 66,932 shares were sold at a weighted average price of $2.6246, with individual prices ranging from $2.55 to $2.68.
- Following these transactions, Wiesenthal directly owns 7,174,911 shares of Class A common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing share sales for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The sale of shares to cover tax obligations is a common practice.
Key Dates
| Date | Description |
|---|---|
| 03/13/2024 | Sale of 68,387 shares of Class A common stock. |
| 03/14/2024 | Sale of 66,932 shares of Class A common stock. |
| 03/15/2024 | Date of Form 4 filing. |
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