Form 4: Cutera Inc. Executive Michael Karavitis Reports Stock Transaction
SEC Form 4 Filing
EVP and Chief Technology Officer of Cutera Inc., Michael Karavitis, reports disposition of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On September 1, 2024, Michael Karavitis, EVP and Chief Technology Officer of Cutera Inc., had 100 shares of common stock disposed of to cover tax liabilities.
- The shares were withheld by the company at a price of $0.6555 per share.
- Following the transaction, Karavitis beneficially owns 5,182 shares of Cutera Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a small number of shares disposed of by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/01/2024 | Date of stock transaction (disposal of shares). |
| 09/01/2024 | Vesting date of 282 Restricted Stock Units, triggering tax liability. |
| 09/04/2024 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Cutera Inc, CUTR, Michael Karavitis, Stock Transaction, Beneficial Ownership, EVP, Chief Technology Officer, Restricted Stock Units, Tax Liability
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