CRCT.NASDAQCricut, INC

Form 4: Cricut CFO Kimball C. Shill Reports Tax-Related Stock Disposal

Sentiment:

SEC Form 4 Filing

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Cricut's Chief Financial Officer, Kimball C. Shill, disposed of 36,816 shares of Class A Common Stock to cover tax obligations related to vesting RSU awards.

Summary

  • On May 15, 2024, Kimball C. Shill, the Chief Financial Officer of Cricut, Inc., disposed of 36,816 shares of Class A Common Stock.
  • The disposal was executed to satisfy tax withholding obligations related to the vesting of three RSU (Restricted Stock Unit) awards.
  • These RSU awards were granted to Mr. Shill on May 1, 2021, April 1, 2022, and April 20, 2022.
  • The price per share for the transaction was $7.48.
  • Following the transaction, Mr. Shill directly owns 883,962 shares of Class A Common Stock.
  • Mr. Shill also indirectly owns 614 shares through his spouse and 205 shares through his son.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a routine transaction to cover tax obligations, not indicative of a change in the CFO's outlook on the company.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates a routine transaction related to tax obligations and doesn't necessarily reflect a change in the CFO's confidence in the company.

Key Dates

DateDescription
05/01/2021Date of one of the RSU awards granted to the reporting person.
04/01/2022Date of one of the RSU awards granted to the reporting person.
04/20/2022Date of one of the RSU awards granted to the reporting person.
05/15/2024Date of the transaction (stock disposal).
05/17/2024Date of signature on the Form 4 filing.

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