Form 4: DocGo Inc. Executive Stephen Sugrue Reports Stock Transaction
SEC Form 4 Filing
Stephen Sugrue, Chief Compliance Officer of DocGo Inc., reports the withholding of 4,104 common stock units to cover tax liabilities related to previously granted restricted stock units (RSUs).
Summary
- On July 9, 2024, Stephen Sugrue, the Chief Compliance Officer of DocGo Inc., reported a transaction involving the withholding of 4,104 shares of common stock.
- These shares were withheld to satisfy Mr. Sugrue's tax obligations related to restricted stock units (RSUs) previously granted on March 15, 2024, under the company's 2021 Stock Incentive Plan.
- Following this transaction, Mr. Sugrue beneficially owns 189,254 shares of DocGo Inc. common stock.
- This total includes 45,538 RSUs vesting quarterly from October 1, 2024, and 96,899 RSUs vesting annually from December 12, 2023.
Sentiment
Score: 5
Explanation: This is a neutral report of a routine transaction related to executive compensation and tax obligations. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax withholding procedure related to equity compensation.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it involves the withholding of shares for tax purposes rather than a market sale.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of RSU grant to Stephen Sugrue under the 2021 Stock Incentive Plan. |
| 07/09/2024 | Date of the reported transaction: withholding of common stock for tax liability. |
| 10/01/2024 | Start date for quarterly vesting of 45,538 RSUs. |
| 12/12/2023 | Start date for annual vesting of 96,899 RSUs. |
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