Form 4: DocGo CEO Lee Bienstock Disposes of Shares to Cover Tax Obligations
SEC Form 4
DocGo's CEO, Lee Bienstock, disposed of shares to cover tax liabilities related to restricted stock units (RSUs).
Summary
- Lee Bienstock, CEO of DocGo Inc., disposed of 17,984 and 15,565 shares of common stock on June 14, 2024, to cover tax obligations.
- The shares were withheld to satisfy tax liabilities related to restricted stock units (RSUs) granted on May 12, 2023, and March 15, 2024, under the company's 2021 Stock Incentive Plan.
- Following the transactions, Bienstock directly owns 1,187,296 shares of DocGo Inc.
- These holdings include various RSUs that will vest in installments over the next several years.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The disposal of shares to cover tax obligations is a common practice.
Stakeholder Impact
- The disposal of shares by the CEO could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the transaction.
Key Dates
| Date | Description |
|---|---|
| 05/12/2023 | Date of RSU grant to the Reporting Person pursuant to the Issuer's 2021 Stock Incentive Plan |
| 03/15/2024 | Date of RSU grant to the Reporting Person pursuant to the Issuer's 2021 Stock Incentive Plan |
| 06/14/2024 | Date of stock disposal to cover tax obligations. |
| 06/18/2024 | Date of signature of the Form 4 filing. |
| 07/01/2024 | First vesting date for 182,149 RSUs. |
| 03/28/2025 | First vesting date for 73,427 RSUs. |
| 05/12/2025 | First vesting date for 91,463 RSUs. |
| 12/12/2024 | First vesting date for 675,690 RSUs. |
| 03/28/2026 | Second vesting date for 73,427 RSUs. |
| 05/12/2026 | Second vesting date for 91,463 RSUs. |
| 05/12/2027 | Third vesting date for 91,463 RSUs. |
| 12/12/2027 | Fourth vesting date for 675,690 RSUs. |
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