Form 4: Corsair Gaming CFO Michael Potter Reports Tax-Related Stock Disposal

Michael Potter, CFO of Corsair Gaming, reports the disposal of 1,259 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• On August 15, 2024, Michael G. Potter, the Chief Financial Officer of Corsair Gaming, Inc. (CRSR), reported a transaction involving the disposal of 1,259 shares of common stock.
• The shares were disposed of to satisfy tax obligations resulting from the vesting and settlement of restricted stock units (RSUs).
• The transaction was executed at a price of $6.55 per share.
• Following the transaction, Potter directly owns 69,153 shares of Corsair Gaming, Inc.

Sentiment

Score: 5

Explanation: This is a routine disclosure of stock disposal for tax purposes, so it has a neutral sentiment.

Management Comments

• The shares reported as disposed of in this Form 4 were withheld by the Issuer in accordance with the agreement governing the restricted stock units ('RSUs') to satisfy tax obligations of the Reporting Person resulting from the vesting and settlement of RSUs.

Industry Context

Form 4 filings are a routine part of insider trading disclosures, providing transparency into the transactions of company executives and directors. This transaction is related to tax obligations from vested RSUs, a common form of executive compensation.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.

Key Dates