Form 4: DocGo CEO Bienstock Reports Equity Transactions
Insider Transaction Report
DocGo CEO Lee Bienstock reported the acquisition of over 1.1 million restricted stock units and the disposition of 214,131 units for tax purposes.
Summary
- Lee Bienstock, CEO and Director of DocGo Inc. (DCGO), reported transactions involving the company's common stock.
- On December 12, 2025, Bienstock acquired 1,113,495 Restricted Stock Units (RSUs) at a price of $0, granted under the Issuer's 2021 Stock Incentive Plan.
- These 1,113,495 RSUs will vest in four equal annual installments on each of the first four anniversaries of December 12, 2025.
- On December 15, 2025, Bienstock disposed of 214,131 RSUs at a price of $0.91 per share, totaling $194,859.21, to satisfy tax liability.
- The RSUs disposed for tax liability were granted on December 12, 2023, and December 12, 2024.
- Following these transactions, Bienstock's direct beneficial ownership of common stock, including unvested RSUs, is 2,836,281 shares.
- Additional unvested RSUs held include 402,745 units vesting in three equal annual installments starting December 12, 2026; 36,714 units vesting on March 28, 2026; 60,975 units vesting in two equal annual installments starting May 12, 2026; and 570,402 units vesting in two equal annual installments starting December 12, 2026.
Sentiment
Score: 6
Explanation: The sentiment is moderately positive due to the significant RSU grant, which aligns executive incentives with shareholder interests. The disposition for tax purposes is a neutral, routine event.
Positives
- The grant of 1,113,495 Restricted Stock Units (RSUs) to the CEO aligns management's interests with long-term shareholder value.
- The RSU grants are part of the company's 2021 Stock Incentive Plan, indicating a structured approach to executive compensation and retention.
Negatives
- The disposition of 214,131 RSUs, valued at $194,859.21, reduces the CEO's direct beneficial ownership, although this is a standard practice for tax withholding.
Future Outlook
The future outlook indicates continued equity alignment for the CEO through various RSU vesting schedules extending through December 2028, subject to the terms of the 2021 Stock Incentive Plan.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions and does not provide broader industry context. It reflects standard executive compensation practices within publicly traded companies.
Stakeholder Impact
- Shareholders: The RSU grant increases the CEO's equity stake, potentially strengthening alignment between management and shareholder interests for long-term company performance.
- Employees: The existence of a Stock Incentive Plan suggests a framework for equity-based compensation that could extend to other key personnel, impacting retention and motivation.
Next Steps
- Vesting of 1,113,495 RSUs in four equal annual installments starting December 12, 2025.
- Vesting of 36,714 RSUs on March 28, 2026.
- Vesting of 60,975 RSUs in two equal annual installments starting May 12, 2026.
- Vesting of 402,745 RSUs in three equal annual installments starting December 12, 2026.
- Vesting of 570,402 RSUs in two equal annual installments starting December 12, 2026.
Key Dates
| Date | Description |
|---|---|
| 12/12/2023 | Grant date for some RSUs later used for tax liability (implied). |
| 12/12/2024 | Grant date for some RSUs later used for tax liability (implied). |
| 12/12/2025 | Grant of 1,113,495 Restricted Stock Units (RSUs) to Lee Bienstock. |
| 12/12/2025 | First vesting installment for 1,113,495 RSUs begins, with subsequent installments on the next three anniversaries. |
| 12/15/2025 | Disposition of 214,131 RSUs to satisfy tax liability. |
| 03/28/2026 | Vesting date for 36,714 RSUs. |
| 05/12/2026 | First vesting installment for 60,975 RSUs begins, with subsequent installment on the next anniversary. |
| 12/12/2026 | First vesting installment for 402,745 RSUs begins, with subsequent installments on the next two anniversaries. |
| 12/12/2026 | First vesting installment for 570,402 RSUs begins, with subsequent installment on the next anniversary. |
Keywords
DocGo, DCGO, Lee Bienstock, SEC Form 4, Restricted Stock Units, RSU grant, Insider transaction, Executive compensation, Stock Incentive Plan
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