Form 4: Cricut CFO Kimball C. Shill Disposes of Shares to Cover Tax Obligations

Cricut's Chief Financial Officer, Kimball C. Shill, disposed of 19,305 shares of Class A Common Stock to cover tax withholding obligations related to a vesting RSU award.

Summary

• On February 18, 2025, Kimball C. Shill, the Chief Financial Officer of Cricut, Inc., disposed of 19,305 shares of Class A Common Stock.
• The transaction was executed to satisfy tax withholding obligations related to the vesting of a Restricted Stock Unit (RSU) award granted on March 21, 2023.
• The shares were disposed of at a price of $5.98 per share.
• Following the transaction, Shill directly owns 1,089,177 shares of Class A Common Stock.
• Shill also indirectly owns 614 shares through a spouse and 205 shares through a son.

Sentiment

Score: 5

Explanation: This is a neutral event; it's a routine transaction to cover tax obligations, not indicative of a significant change in the company's prospects or management's confidence.

Industry Context

Form 4 filings are a routine part of insider trading activity and are required by the SEC to provide transparency into the transactions of company executives and directors.

Stakeholder Impact

• The disposal of shares by an executive could be perceived negatively by some shareholders, although it is a common practice for covering tax obligations.

Key Dates

Keywords

Form 4, Cricut, CRCT, Kimball C. Shill, Chief Financial Officer, Share Disposal, Tax Withholding, RSU, Beneficial Ownership