Form 4: Cepton CEO Jun Pei Reports Stock Transaction Following RSU Vesting

Cepton's CEO, Jun Pei, reports a transaction involving the withholding of shares to cover tax obligations related to vested restricted stock units, alongside adjustments to his beneficial ownership.

Summary

• Cepton's CEO, Jun Pei, filed a Form 4 disclosing a transaction on December 20, 2024.
• The transaction involved the withholding of 2,343 shares of common stock to cover tax obligations related to the vesting of 6,564 restricted stock units (RSUs).
• The shares were withheld at a price of $3.21 per share.
• Following the transaction, Jun Pei directly owns 148,979 shares of common stock.
• He also indirectly owns 19,709 shares through his spouse and 2,445,426 shares through the Pei 2000 Trust, where he serves as a trustee.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is neither positive nor negative for the company's overall outlook. It is a standard procedure.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders and are required by the SEC.
• The transaction is typical for executives receiving stock-based compensation, where shares are often withheld to cover tax liabilities.

Stakeholder Impact

• The transaction has a minor impact on the total number of shares outstanding.
• The transaction is a normal part of executive compensation and is not expected to have a significant impact on shareholders.

Key Dates

Keywords

Form 4, Cepton, Jun Pei, stock transaction, restricted stock units, RSUs, beneficial ownership, tax withholding