Form 4: DocGo CEO Lee Bienstock Reports Stock Transactions
SEC Form 4 Filing
DocGo's CEO, Lee Bienstock, reports the withholding of restricted stock units to cover tax liabilities.
Summary
- Lee Bienstock, CEO of DocGo Inc., filed a Form 4 detailing changes in beneficial ownership.
- The report covers transactions on March 31, 2025, and April 2, 2025, involving the withholding of common stock to cover tax liabilities related to restricted stock units (RSUs).
- On March 31, 2025, 18,742 shares were withheld at a price of $2.64.
- On April 2, 2025, 18,598 shares were withheld at a price of $2.68.
- Following these transactions, Bienstock directly owns 1,956,079 shares of DocGo Inc.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations.
Comparison to Industry Standards
- Similar to other publicly listed companies, DocGo requires its executives to report changes in their stock ownership in compliance with SEC regulations.
- The reporting of RSU withholding for tax purposes is a common practice among companies that offer equity compensation to their employees.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the CEO's stock transactions.
- The withholding of shares for tax purposes has a minimal impact on the overall market capitalization of the company.
Key Dates
| Date | Description |
|---|---|
| March 28, 2022 | Date of RSU grant to the Reporting Person pursuant to the Issuer's 2021 Stock Incentive Plan |
| March 15, 2024 | Date of RSU grant to the Reporting Person pursuant to the Issuer's 2021 Stock Incentive Plan |
| December 12, 2024 | First anniversary of RSU vesting in four equal annual installments |
| March 31, 2025 | Transaction date: 18,742 shares withheld at $2.64. |
| April 2, 2025 | Transaction date: 18,598 shares withheld at $2.68. |
| July 1, 2025 | Date of RSU vesting |
| May 12, 2025 | Date of RSU vesting in three equal annual installments |
| December 12, 2025 | Date of RSU vesting in three equal annual installments |
| March 28, 2026 | Date of RSU vesting |
| May 12, 2026 | Date of RSU vesting in three equal annual installments |
| December 12, 2026 | Date of RSU vesting in three equal annual installments |
| May 12, 2027 | Date of RSU vesting in three equal annual installments |
| December 12, 2027 | Date of RSU vesting in three equal annual installments |
Keywords
Form 4, DocGo, Bienstock, CEO, Stock, RSU, Restricted Stock Units, Beneficial Ownership, Tax Liability
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