DCGO.NASDAQDocgo INC

Form 4: DocGo CEO Lee Bienstock Disposes of Shares to Cover Tax Obligations

Sentiment:

SEC Form 4 Filing

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DocGo's CEO, Lee Bienstock, disposed of shares to cover tax liabilities related to previously granted restricted stock units.

Summary

  • On March 19, 2024, Lee Bienstock, the CEO of DocGo Inc., disposed of 3,747 shares of common stock to cover tax obligations.
  • The shares were withheld to satisfy the reporting person's tax liability related to restricted stock units (RSUs) granted on December 12, 2023, under the company's 2021 Stock Incentive Plan.
  • Following the transaction, Bienstock still beneficially owns 1,195,845 shares.
  • These shares include various RSU grants that vest over different schedules, including quarterly and annual installments.

Sentiment

Score: 6

Explanation: The document reflects a routine transaction. It's neutral in terms of overall sentiment as it relates to standard executive compensation practices.

Industry Context

This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes associated with vesting equity awards.

Stakeholder Impact

  • The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations related to executive compensation.

Key Dates

DateDescription
12/12/2023Date of RSU grant under the 2021 Stock Incentive Plan.
03/19/2024Date of transaction where shares were disposed of to cover tax obligations.
03/21/2024Date of signature on the Form 4 filing.
04/01/2024Start date for quarterly vesting of 218,579 RSUs.

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