Form 4: DocGo CEO Lee Bienstock Acquires 25,000 Shares of Common Stock
SEC Form 4 Filing
DocGo's CEO, Lee Bienstock, recently purchased 25,000 shares of the company's common stock at a price of $3.15 per share.
Summary
- On May 13, 2024, Lee Bienstock, the CEO of DocGo Inc., acquired 25,000 shares of common stock at $3.15 per share.
- Following this transaction, Bienstock directly owns 1,220,845 shares of DocGo.
- Bienstock also holds a significant number of restricted stock units (RSUs) that will vest over the next several years.
- These RSUs are granted under DocGo's 2021 Stock Incentive Plan and represent the right to receive common stock upon vesting.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The CEO's purchase of shares is generally seen as a positive sign, but it's a relatively small transaction in the context of the overall market capitalization of the company.
Positives
- The CEO's purchase of shares may signal confidence in the company's future prospects.
- The vesting schedule of the RSUs incentivizes long-term commitment from the CEO.
Future Outlook
The document does not contain specific forward-looking statements, but the vesting schedules of the RSUs suggest a long-term incentive structure for the CEO.
Industry Context
Form 4 filings are routine disclosures required by the SEC when company insiders, like the CEO, trade their company's stock. These filings are closely watched by investors for signals about management's confidence in the company.
Stakeholder Impact
- The CEO's stock purchase could positively influence shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 05/13/2024 | Date of the transaction where Lee Bienstock acquired 25,000 shares of DocGo common stock. |
| 07/01/2024 | First vesting date for 182,149 restricted stock units (RSUs), vesting in five equal quarterly installments. |
| 03/28/2025 | First vesting date for 73,427 RSUs, vesting in two equal installments. |
| 05/12/2025 | First vesting date for 91,463 RSUs, vesting in three equal annual installments. |
| 03/28/2026 | Second vesting date for 73,427 RSUs, vesting in two equal installments. |
| 05/12/2026 | Second vesting date for 91,463 RSUs, vesting in three equal annual installments. |
| 05/12/2027 | Third vesting date for 91,463 RSUs, vesting in three equal annual installments. |
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