Form 4: Corsair Gaming CEO Andrew J. Paul Reports Stock Disposals to Cover Tax Obligations
SEC Form 4 Filing
Corsair Gaming's CEO, Andrew J. Paul, disposed of shares to cover tax obligations arising from the vesting and settlement of restricted stock units (RSUs).
Summary
- On February 15, 2025, Andrew J. Paul, CEO of Corsair Gaming, disposed of 4,326 shares of common stock at a price of $12.42 to cover tax obligations.
- Following this transaction, Paul directly owns 2,924,491 shares of Corsair Gaming.
- On February 16, 2025, Paul disposed of 7,156 shares of common stock at a price of $12.42 to cover tax obligations.
- Following this transaction, Paul directly owns 2,917,335 shares of Corsair Gaming.
- The disposals were executed to satisfy tax obligations related to the vesting and settlement of restricted stock units (RSUs).
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing relates to routine stock disposals to cover tax obligations, which is a normal part of executive compensation. It doesn't necessarily reflect a positive or negative outlook on the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Disposals to cover tax obligations are common and don't necessarily indicate a negative outlook on the company.
Stakeholder Impact
- The stock disposal may have a minor impact on shareholders due to the increased supply of shares in the market, but the impact is likely to be minimal given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 02/15/2025 | Disposal of 4,326 shares of common stock at $12.42. |
| 02/16/2025 | Disposal of 7,156 shares of common stock at $12.42. |
| 02/19/2025 | Date of signature for the Form 4 filing. |
Keywords
Corsair Gaming, Andrew J. Paul, CRSR, Form 4, Stock Disposal, Tax Obligations, Restricted Stock Units, RSUs
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