Form 4: DocGo CEO Lee Bienstock Reports Future RSU Tax Withholding and Extensive Vesting Schedule

DocGo Inc. CEO Lee Bienstock filed a Form 4 detailing a future transaction on July 2, 2025, involving the withholding of 18,597 restricted stock units for tax purposes, alongside a comprehensive disclosure of his remaining RSU holdings and their future vesting dates.

Summary

• Lee Bienstock, Chief Executive Officer and Director of DocGo Inc. (DCGO), reported a transaction scheduled for July 2, 2025.
• The transaction involves the disposition of 18,597 shares of Common Stock at a price of $1.52 per share.
• This disposition is a withholding of restricted stock units (RSUs) to satisfy the reporting person's tax liability upon the vesting of previously granted RSUs.
• The RSUs involved in the tax withholding were originally granted on March 15, 2024, under DocGo's 2021 Stock Incentive Plan.
• Following this reported transaction, Lee Bienstock will beneficially own 1,936,917 shares of Common Stock directly.
• The beneficial ownership includes various RSU grants with future vesting schedules: 536,993 RSUs vesting in four equal annual installments starting December 12, 2024; 36,714 RSUs vesting on March 28, 2026; 60,975 RSUs vesting in two equal annual installments on May 12, 2026, and May 12, 2027; and 855,604 RSUs vesting in three equal annual installments on December 12, 2025, December 12, 2026, and December 12, 2027.

Sentiment

Score: 5

Explanation: The transaction is a neutral, routine tax withholding related to RSU vesting, which is a common and expected event for executives receiving equity compensation. It does not indicate positive or negative operational performance or strategic shifts.

Positives

• The CEO's significant beneficial ownership of 1,936,917 shares, including substantial future RSU vesting, aligns management's long-term interests with those of shareholders.
• Ongoing RSU grants demonstrate a continued commitment to long-term incentive compensation for the CEO.

Negatives

• The disposition of 18,597 shares, even for tax purposes, represents a reduction in the CEO's direct share count.

Future Outlook

The document details future vesting schedules for a significant number of Restricted Stock Units (RSUs) held by the CEO, indicating a long-term incentive structure tied to future performance and continued employment.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, specifically a tax withholding related to RSU vesting. Such transactions are common across all industries for executives receiving equity compensation and do not provide broader industry context or trends.

Comparison to Industry Standards

• The transaction is a standard tax withholding on RSU vesting, a common practice for equity compensation across publicly traded companies.
• The specific number of shares and vesting schedules are unique to DocGo and its compensation plan, but the mechanism itself is standard within the industry.
• No specific comparable companies, projects, or results are mentioned in the document to allow for a detailed comparison of performance or compensation against industry benchmarks.

Stakeholder Impact

• Shareholders: Minimal direct impact from a routine tax withholding. The CEO's continued significant RSU holdings align his interests with long-term shareholder value.
• Employees: No direct impact mentioned.
• Customers: No direct impact mentioned.
• Suppliers: No direct impact mentioned.
• Creditors: No direct impact mentioned.

Next Steps

• Vesting of 536,993 RSUs in four equal annual installments starting December 12, 2024.
• Vesting of 36,714 RSUs on March 28, 2026.
• Vesting of 60,975 RSUs in two equal annual installments on May 12, 2026, and May 12, 2027.
• Vesting of 855,604 RSUs in three equal annual installments on December 12, 2025, December 12, 2026, and December 12, 2027.

Key Dates

Keywords

DocGo Inc., DCGO, Lee Bienstock, Form 4, SEC filing, Restricted Stock Units, RSU, Insider transaction, Tax withholding, Stock incentive plan, Beneficial ownership, Corporate governance