Form 4: Cutera Inc. Executive Michael Karavitis Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Michael Karavitis, EVP and Chief Technology Officer of Cutera Inc., reports the withholding of 100 common stock shares to cover tax liabilities related to vesting restricted stock units.
Summary
- On July 1, 2024, Michael Karavitis, EVP and Chief Technology Officer of Cutera Inc., had 100 shares of common stock withheld by the company to cover his tax liability.
- This withholding was related to the vesting of 283 Restricted Stock Units under the company's 2019 Equity Incentive Plan.
- Following this transaction, Karavitis directly owns 5,381 shares of Cutera Inc. common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock transactions for tax purposes, and does not indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax withholding procedure related to equity compensation.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of transaction: 100 shares of common stock withheld for tax liability. |
| 07/02/2024 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Michael Karavitis, Cutera Inc., CUTR, Stock Withholding, Tax Liability, Restricted Stock Units, Equity Incentive Plan
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