Form 4: Cryoport CEO Jerrell Shelton Reports Stock Transactions
SEC Form 4 Filing
Cryoport's CEO, Jerrell Shelton, reports the conversion of restricted stock rights and the sale of shares to cover taxes.
Summary
- On March 9, 2025, Jerrell Shelton, CEO of Cryoport, converted 8,250 restricted stock rights into common stock.
- Following this conversion, Mr. Shelton directly held 744,192 shares of common stock.
- On March 10, 2025, Mr. Shelton sold 4,173 shares at a price of $4.8791 per share to cover taxes due upon the vesting of the restricted stock rights.
- After this sale, Mr. Shelton directly held 740,019 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, and does not inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of shares held by the CEO.
Key Dates
| Date | Description |
|---|---|
| March 9, 2022 | Beginning of the vesting period for the restricted stock rights in four equal annual installments. |
| March 9, 2025 | Conversion of 8,250 restricted stock rights to shares of common stock. |
| March 10, 2025 | Sale of 4,173 shares at $4.8791 per share to cover taxes. |
| March 11, 2025 | Date of signature for the Form 4 filing. |
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