Form 4: DocGo CEO Lee Bienstock Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
DocGo's CEO, Lee Bienstock, disposed of shares to cover tax liabilities related to previously granted restricted stock units (RSUs).
Summary
- On January 2, 2025, Lee Bienstock, the CEO of DocGo Inc., disposed of 18,598 shares of common stock to satisfy tax obligations.
- The shares were withheld at a price of $4.23 per share.
- This transaction was related to restricted stock units (RSUs) granted to Mr. Bienstock on March 15, 2024, under the company's 2021 Stock Incentive Plan.
- Following the transaction, Mr. Bienstock still beneficially owns 1,587,663 shares of DocGo Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to insider transactions, and the sentiment is neutral as it reflects routine activity.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a small percentage of the CEO's holdings.
Key Dates
| Date | Description |
|---|---|
| March 15, 2024 | Date the RSUs were granted to Lee Bienstock under the 2021 Stock Incentive Plan. |
| December 12, 2024 | First anniversary of the vesting start date for 536,993 RSUs, with equal annual installments over four years. |
| January 2, 2025 | Date of the transaction where 18,598 shares were disposed of to cover tax obligations. |
| April 1, 2025 | Date of the first quarterly installment for vesting of 72,859 RSUs. |
| July 1, 2025 | Date of the second quarterly installment for vesting of 72,859 RSUs. |
| March 28, 2025 | Date of the first installment for vesting of 73,427 RSUs. |
| May 12, 2025 | Date of the first annual installment for vesting of 91,463 RSUs. |
| December 12, 2025 | Date of the first annual installment for vesting of 506,767 RSUs. |
| March 28, 2026 | Date of the second installment for vesting of 73,427 RSUs. |
| May 12, 2026 | Date of the second annual installment for vesting of 91,463 RSUs. |
| December 12, 2026 | Date of the second annual installment for vesting of 506,767 RSUs. |
| May 12, 2027 | Date of the third annual installment for vesting of 91,463 RSUs. |
| December 12, 2027 | Date of the third annual installment for vesting of 506,767 RSUs. |
| January 6, 2025 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.