Form 4: Cepton Inc. Chief Technology Officer Sells Shares to Cover Tax Obligations

Cepton Inc.'s Chief Technology Officer, Dongyi Liao, sold 25,243 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• Dongyi Liao, Chief Technology Officer of Cepton Inc., sold 25,243 shares of common stock on December 20, 2024.
• The sale was executed at a price of $3.21 per share.
• This transaction was to cover tax withholding obligations related to the vesting of 70,743 previously reported restricted stock units (RSUs).
• Following the transaction, Mr. Liao beneficially owns 211,987 shares of Cepton Inc. common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no indication of positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Sales of shares by executives to cover tax obligations are a common practice across the technology industry.
• Many companies use restricted stock units as part of their compensation packages, leading to similar transactions when these units vest.
• The sale of 25,243 shares is not unusual for an executive at a company of Cepton's size.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Cepton Inc., insider trading, Form 4, stock sale, Dongyi Liao, restricted stock units, tax obligations, CPTN, Chief Technology Officer