Form 4: Corsair Gaming CFO Michael Potter Reports Stock Transactions
SEC Filing (Form 4)
Michael Potter, CFO of Corsair Gaming, reports the disposal and acquisition of common stock, including shares withheld for tax obligations and sales under a Rule 10b5-1 trading plan.
Summary
- On July 2, 2024, Corsair Gaming withheld 1,081 shares from Michael Potter to cover tax obligations related to the vesting and settlement of restricted stock units (RSUs) at a price of $10.32.
- On July 5, 2024, Michael Potter sold 1,947 shares of Corsair Gaming common stock at a price of $10.33.
- These transactions were reported on a Form 4 filing with the SEC.
- Following these transactions, Potter directly owns 70,412 shares of Corsair Gaming common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document simply reports stock transactions by an executive, which is a routine occurrence. There is no indication of positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider. Such transactions are common and are often conducted under pre-arranged trading plans like Rule 10b5-1 to avoid accusations of insider trading.
Key Dates
| Date | Description |
|---|---|
| 07/02/2024 | 1,081 shares withheld to cover tax obligations related to RSU vesting at $10.32 per share. |
| 07/05/2024 | 1,947 shares sold at $10.33 per share under Rule 10b5-1 trading plan. |
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