Form 4: Cutera Inc. Interim CFO Stuart Drummond Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Interim CFO Stuart Drummond reports a transaction involving Cutera Inc. common stock related to tax liability settlement.
Summary
- On November 1, 2024, Stuart Drummond, Interim CFO of Cutera Inc., reported a transaction involving the company's common stock.
- The transaction involved the withholding of 19 shares to settle Drummond's tax liability related to the vesting of 49 Restricted Stock Units on September 1, 2024.
- The price per share for the tax withholding was $0.5865.
- Following the reported transaction, Drummond beneficially owns 17,808 shares of Cutera Inc. common stock directly.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine disclosure of stock transactions for tax purposes.
Industry Context
This is a standard SEC Form 4 filing, reflecting changes in beneficial ownership by a company insider. Such filings are routine and provide transparency to the market.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it involves a small number of shares withheld for tax purposes.
Key Dates
| Date | Description |
|---|---|
| September 1, 2024 | 49 Restricted Stock Units vesting |
| November 1, 2024 | Date of transaction: shares withheld for tax liability |
| November 5, 2024 | Date of signature on the report |
Keywords
Beneficial Ownership, Form 4, Stuart Drummond, Interim CFO, Cutera Inc., CUTR, Tax Withholding, Restricted Stock Units, Common Stock
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