Form 4: DocGo CEO Lee Bienstock Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
DocGo's CEO, Lee Bienstock, disposed of 13,194 shares of common stock to cover tax liabilities related to restricted stock units.
Summary
- On June 21, 2024, Lee Bienstock, the CEO of DocGo Inc., disposed of 13,194 shares of common stock to satisfy tax obligations.
- The shares were withheld to cover tax liabilities associated with restricted stock units (RSUs) granted on March 28, 2022, under the company's 2021 Stock Incentive Plan.
- Following the transaction, Bienstock still beneficially owns 1,174,102 shares of DocGo Inc.
- These shares include various RSU grants that vest over different schedules, extending to May 12, 2027.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reflects a routine transaction for tax purposes and doesn't indicate a change in the CEO's overall confidence in the company.
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 minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/28/2022 | Date of RSU grant to Lee Bienstock under the 2021 Stock Incentive Plan. |
| 12/12/2023 | Date used to calculate vesting anniversaries for 675,690 RSUs. |
| 06/21/2024 | Date of the transaction where 13,194 shares were disposed of to cover tax liabilities. |
| 06/24/2024 | Date of signature for the Form 4 filing. |
| 07/01/2024 | Start date for quarterly vesting of 182,149 RSUs. |
| 03/28/2025 | First vesting date for 73,427 RSUs. |
| 05/12/2025 | First vesting date for 91,463 RSUs. |
| 03/28/2026 | Second vesting date for 73,427 RSUs. |
| 05/12/2026 | Second vesting date for 91,463 RSUs. |
| 05/12/2027 | Final vesting date for 91,463 RSUs. |
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