Form 4: Compass Pathways CEO Kabir Nath Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
CEO Kabir Nath disposed of 7,064 ordinary shares of Compass Pathways to cover tax obligations arising from the vesting of restricted share units.
Summary
- On August 1, 2024, Kabir Nath, CEO of COMPASS Pathways plc, disposed of 7,064 ordinary shares.
- The shares were disposed of to satisfy tax withholding obligations related to the vesting of restricted share units.
- The transaction was executed at a price of $6.88 per share.
- Following the transaction, Nath directly owns 151,184 ordinary shares.
Sentiment
Score: 5
Explanation: This is a neutral event related to tax obligations and does not indicate a positive or negative outlook for the company.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock units vest.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/01/2024 | Date of transaction: Kabir Nath disposed of 7,064 ordinary shares. |
| 08/05/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.