Form 4: DocGo CFO Norman Rosenberg Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
DocGo's CFO, Norman Rosenberg, disposed of 7,981 shares of common stock to cover tax liabilities related to restricted stock units.
Summary
- On June 14, 2024, Norman Rosenberg, CFO and Treasurer of DocGo Inc., disposed of 7,981 shares of DocGo's common stock.
- The transaction was executed to cover the tax liability associated with restricted stock units (RSUs) granted to Rosenberg on March 15, 2024, under the company's 2021 Stock Incentive Plan.
- The shares were disposed of at a price of $4.04 per share.
- Following the transaction, Rosenberg beneficially owns 399,438 shares of DocGo common stock.
- These holdings include 110,998 RSUs vesting in five equal quarterly installments starting July 1, 2024, and 213,178 RSUs vesting in four equal annual installments from December 12, 2023.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The document does not contain specific forward-looking statements beyond the vesting schedules of the RSUs.
Industry Context
Form 4 filings are routine disclosures required by the SEC when company insiders, like the CFO, transact in their company's stock. This particular transaction appears to be related to tax obligations arising from equity compensation.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| March 15, 2024 | Date RSUs were granted to Norman Rosenberg under the 2021 Stock Incentive Plan. |
| June 14, 2024 | Date of the transaction where 7,981 shares were disposed of to cover tax liability. |
| June 18, 2024 | Date of signature for the Form 4 filing. |
| July 1, 2024 | Start date for quarterly vesting of 110,998 RSUs. |
| December 12, 2023 | Start date for annual vesting of 213,178 RSUs. |
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