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.
Summary
- On October 4, 2024, Lee Bienstock, the CEO of DocGo Inc., disposed of 18,598 shares of common stock to cover tax obligations.
- The shares were withheld to satisfy the tax liability related to restricted stock units (RSUs) granted on March 15, 2024, under the company's 2021 Stock Incentive Plan.
- The transaction was executed at a price of $3.35 per share.
- Following the transaction, Bienstock still beneficially owns 1,136,906 shares, including various RSUs that will vest over the next several years.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover taxes on vested RSUs). It's neither particularly positive nor negative.
Industry Context
This is a routine transaction where company executives sell shares to cover tax obligations arising from the vesting of stock-based compensation. It's a common practice and doesn't necessarily indicate a change in the executive's confidence in the company.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations and does not significantly alter the CEO's holdings.
Key Dates
| Date | Description |
|---|---|
| March 15, 2024 | Date of RSU grant to Lee Bienstock under the 2021 Stock Incentive Plan. |
| October 04, 2024 | Date of stock disposal by Lee Bienstock to cover tax obligations. |
| January 01, 2025 | First vesting date for a portion of the RSUs held by Lee Bienstock. |
| March 28, 2025 | Vesting date for a portion of the RSUs held by Lee Bienstock. |
| March 28, 2026 | Vesting date for a portion of the RSUs held by Lee Bienstock. |
| May 12, 2025 | Vesting date for a portion of the RSUs held by Lee Bienstock. |
| May 12, 2026 | Vesting date for a portion of the RSUs held by Lee Bienstock. |
| May 12, 2027 | Vesting date for a portion of the RSUs held by Lee Bienstock. |
| December 12, 2023 | Anniversary date for vesting of a portion of RSUs held by Lee Bienstock. |
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