Form 4: Data I/O Corp Executive Rajeev Gulati Reports Stock Transaction
SEC Form 4 Filing
Rajeev Gulati, Vice President and CTO of Data I/O Corp, reports the withholding of shares to cover taxes on vesting issuance.
Summary
- Rajeev Gulati, Vice President and CTO of Data I/O Corp, filed a Form 4.
- The report details a transaction on May 18, 2024, where 2,223 shares of common stock were disposed of to cover taxes on vesting issuance.
- The price per share was $2.91, based on the average of the high and low prices for the day.
- Following the transaction, Gulati beneficially owns 160,708 shares of Data I/O Corp common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a standard transaction (tax withholding upon vesting). It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track the buying and selling activities of executives and directors.
Key Dates
| Date | Description |
|---|---|
| 05/18/2024 | Date of transaction: Shares withheld to cover taxes on vesting issuance. |
| 05/21/2024 | Date of signature on the Form 4 filing. |
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