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

Cricut's Chief Financial Officer, Kimball C. Shill, reports the disposal of shares to cover tax obligations related to vesting RSU awards.

Summary

• On May 15, 2025, Kimball C. Shill, the Chief Financial Officer of Cricut, Inc., reported a transaction involving Class A Common Stock.
• A total of 62,304 shares were disposed of at a price of $6.22 per share to satisfy tax withholding obligations.
• This disposal was related to the vesting of four Restricted Stock Unit (RSU) awards granted on May 1, 2021, April 1, 2022, April 20, 2022, and June 27, 2024.
• Following the transaction, Shill directly owns 1,326,873 shares of Class A Common Stock.
• Additionally, Shill indirectly owns 614 shares through a spouse and 205 shares through a son.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing an insider transaction for tax purposes, which is neither particularly positive nor negative.

Industry Context

This filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. The disposal of shares to cover tax obligations related to RSU vesting is a typical practice.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes and does not indicate a change in the CFO's confidence in the company.

Key Dates

Keywords

Cricut, Kimball C. Shill, Form 4, SEC Filing, Stock Disposal, Tax Withholding, RSU, Class A Common Stock, Insider Transaction