Form 4: Corsair Gaming Executive La Thi L Reports Stock Disposals to Cover Tax Obligations
SEC Form 4 Filing
La Thi L, President & COO of Corsair Gaming, reports disposing of shares to cover tax obligations related to vesting and settlement of restricted stock units.
Summary
- On July 1, 2024, La Thi L disposed of 700 shares of Corsair Gaming common stock at a price of $10.48 to cover tax obligations.
- On July 2, 2024, La Thi L disposed of 1,621 shares of Corsair Gaming common stock at a price of $10.32 to cover tax obligations.
- Following these transactions, La Thi L directly owns 267,067 shares of Corsair Gaming common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. The stock disposal is related to tax obligations, not a change in the executive's outlook on the company.
Industry Context
It is common for executives to sell shares to cover tax obligations related to the vesting of stock awards. This is a routine transaction and doesn't necessarily reflect a change in the executive's confidence in the company.
Stakeholder Impact
- The stock disposal has a minimal impact on shareholders as it is a routine transaction to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Disposal of 700 shares of Common Stock at $10.48. |
| 07/02/2024 | Disposal of 1,621 shares of Common Stock at $10.32. |
| 07/03/2024 | Date of signature for the Form 4 filing. |
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