Form 4: DocGo Inc. Chief Compliance Officer Stephen Sugrue Reports Tax Liability Satisfaction Through RSU Withholding
SEC Form 4 Filing
Stephen Sugrue, Chief Compliance Officer of DocGo Inc., reports the withholding of restricted stock units (RSUs) to cover tax liabilities.
Summary
- On October 4, 2024, Stephen Sugrue, the Chief Compliance Officer of DocGo Inc., filed a Form 4 indicating changes in beneficial ownership of securities.
- The report details the withholding of 4,104 common stock shares to satisfy tax liabilities related to previously granted Restricted Stock Units (RSUs).
- The transaction was executed at a price of $3.35 per share.
- Following the transaction, Sugrue directly owns 185,150 shares of DocGo Inc. common stock.
- These holdings include 34,154 RSUs vesting in equal quarterly installments starting January 1, 2025, and 96,899 RSUs vesting annually over four years from December 12, 2023.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to tax obligations, so the sentiment is neutral.
Future Outlook
The document outlines the vesting schedules for existing RSUs, indicating future equity compensation for the reporting person.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates the executive is fulfilling tax obligations through equity.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a small number of shares being withheld for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 12/12/2023 | Date from which 96,899 RSUs vest in four equal annual installments. |
| 03/15/2024 | Date the RSUs were granted to the Reporting Person pursuant to the Issuer's 2021 Stock Incentive Plan. |
| 10/04/2024 | Date of the transaction involving the withholding of shares for tax liability. |
| 01/01/2025 | Start date for quarterly vesting of 34,154 RSUs. |
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