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

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

• Michael Karavitis, EVP and Chief Technology Officer of Cutera Inc., filed a Form 4 with the SEC.
• The filing reports a transaction on June 1, 2024, where 100 shares of common stock were disposed of to cover tax liabilities.
• The shares were withheld by Cutera Inc. at a price of $2.23 per share.
• This withholding was related to the vesting of 282 Restricted Stock Units under the company's 2019 Equity Incentive Plan.
• Following the transaction, Karavitis beneficially owns 5,481 shares of Cutera Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to stock transactions for tax purposes, indicating a neutral 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.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine tax withholding.

Key Dates

Keywords

Form 4, Cutera Inc, Michael Karavitis, Stock Transaction, Beneficial Ownership, SEC Filing, CUTR, Restricted Stock Units, Tax Withholding