Form 4: Cutera Inc. Executive Michael Karavitis Reports Stock Transaction

EVP and Chief Technology Officer of Cutera Inc., Michael Karavitis, reports the withholding of 99 common stock shares to cover tax liabilities related to vesting restricted stock units.

Summary

• Michael Karavitis, EVP and Chief Technology Officer of Cutera Inc. (CUTR), filed a Form 4 on August 2, 2024.
• The report details a transaction on August 1, 2024, where 99 shares of common stock were withheld by Cutera Inc.
• This withholding was to cover Mr. Karavitis' tax liability related to the vesting of 281 Restricted Stock Units.
• The shares were withheld at a price of $1.3 per share.
• Following the transaction, Mr. Karavitis beneficially owns 5,282 shares of Cutera Inc. common stock.

Sentiment

Score: 5

Explanation: This is a routine filing related to executive compensation and doesn't indicate any significant positive or negative sentiment.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive compensation and ownership changes.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it involves a small number of shares withheld for tax purposes.

Key Dates

Keywords

Form 4, Cutera Inc, CUTR, Michael Karavitis, Stock Transaction, Beneficial Ownership, Restricted Stock Units, Tax Liability, EVP, Chief Technology Officer