Form 4: DocGo CEO Lee Bienstock Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
DocGo's CEO, Lee Bienstock, disposed of 18,598 shares of common stock to cover tax liabilities related to previously granted restricted stock units (RSUs).
Summary
- On July 9, 2024, Lee Bienstock, the CEO of DocGo Inc., disposed of 18,598 shares of common stock.
- The transaction was executed to cover tax obligations related to restricted stock units (RSUs) granted to Bienstock on March 15, 2024, under the company's 2021 Stock Incentive Plan.
- The shares were disposed of at a price of $2.93 per share.
- Following the transaction, Bienstock still beneficially owns 1,155,504 shares of DocGo Inc.
- These holdings include various RSUs that will vest over the next several years, according to the terms of the 2021 Stock Incentive Plan.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to insider transactions. It doesn't inherently convey positive or negative sentiment, as it simply reports facts about share disposals for tax purposes.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The sale of shares to cover tax obligations is a common practice among executives who receive equity compensation.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders, as it is a routine disposal of shares to cover tax obligations and represents a small percentage of the CEO's total holdings.
Key Dates
| Date | Description |
|---|---|
| March 15, 2024 | Date of RSU grant to Lee Bienstock under the Issuer's 2021 Stock Incentive Plan. |
| July 9, 2024 | Date of transaction: disposal of 18,598 shares of common stock to cover tax liability. |
| October 1, 2024 | First vesting date for 145,719 RSUs, vesting in four equal quarterly installments. |
| March 28, 2025 | First vesting date for 73,427 RSUs, vesting in two equal installments on this date and March 28, 2026. |
| March 28, 2026 | Second vesting date for 73,427 RSUs, vesting in two equal installments on March 28, 2025 and this date. |
| May 12, 2025 | First vesting date for 91,463 RSUs, vesting in three equal annual installments on this date, May 12, 2026 and May 12, 2027. |
| May 12, 2026 | Second vesting date for 91,463 RSUs, vesting in three equal annual installments on May 12, 2025, this date and May 12, 2027. |
| May 12, 2027 | Third vesting date for 91,463 RSUs, vesting in three equal annual installments on May 12, 2025, May 12, 2026 and this date. |
| December 12, 2023 | Anniversary date for vesting of 675,690 RSUs, vesting in four equal annual installments on each of the first four anniversaries of this date. |
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