Form 4: Data I/O Corp Executive Rajeev Gulati Reports Stock Transactions

Rajeev Gulati, Vice President and CTO of Data I/O Corp, reports the acquisition and disposal of common stock related to vesting restricted stock units (RSUs) and shares withheld for tax obligations.

Summary

• Rajeev Gulati, a Vice President and CTO at Data I/O Corp, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
• On June 1, 2024, Gulati had shares withheld to cover taxes on vesting issuance at a price of $2.87.
• Specifically, 1,482 shares, 1,853 shares and 1,976 shares were withheld.
• Also on June 1, 2024, Gulati acquired 12,500 shares of common stock through an RSU grant that vests annually over 3 years.
• Following these transactions, Gulati beneficially owns 167,897 shares of Data I/O Corp.
• The filing indicates that these transactions include RSU and PSU grants, as well as shares withheld to cover taxes.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing primarily reflects routine stock transactions related to executive compensation. The RSU grant is a positive sign, but the tax withholding is a neutral event.

Positives

• Rajeev Gulati acquired 12,500 shares through an RSU grant, indicating confidence in the company's future.

Future Outlook

The RSU grant vests annually over 3 years, suggesting continued equity-based compensation for the reporting person.

Industry Context

Form 4 filings are routine disclosures for corporate insiders and provide transparency into their trading activities, which can be indicative of their sentiment towards the company's prospects.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in the executive's holdings.
• Employees may be impacted positively as the RSU grant indicates continued investment in employee compensation.

Key Dates