Form 4: DocGo Inc. Executive Stephen Sugrue Reports Tax Liability Transaction
SEC Form 4 Filing
Chief Compliance Officer Stephen Sugrue of DocGo Inc. reports the withholding of restricted stock units to cover tax obligations.
Summary
- Stephen Sugrue, Chief Compliance Officer of DocGo Inc., filed a Form 4 detailing changes in beneficial ownership.
- The report indicates a transaction on April 2, 2025, where 5,614 common stock units were disposed of to cover tax liabilities.
- These restricted stock units (RSUs) were initially granted on March 15, 2024, under the company's 2021 Stock Incentive Plan.
- Following the transaction, Sugrue still beneficially owns 347,328 shares of common stock.
- These shares include RSUs vesting at various dates in the future.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, and the transaction itself is neutral. Therefore, the sentiment is considered neutral.
Future Outlook
The document outlines the vesting schedule for the remaining RSUs held by Stephen Sugrue, indicating future potential share releases.
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 practice of covering tax obligations related to equity compensation.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies, ensuring transparency in insider trading.
- Companies like Teladoc and American Well also have executives who regularly file Form 4s related to stock options and RSUs.
- The vesting schedules and terms of DocGo's 2021 Stock Incentive Plan are likely comparable to those of similar companies in the healthcare technology sector.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small disposal of shares for tax purposes.
- Employees may be interested in the details of the stock incentive plan.
Key Dates
| Date | Description |
|---|---|
| March 15, 2024 | Date the RSUs were granted to the Reporting Person pursuant to the Issuer's 2021 Stock Incentive Plan |
| December 12, 2024 | First vesting date for 107,399 RSUs, with equal annual installments on the anniversaries of this date for the next three years. |
| July 1, 2025 | Vesting date for 11,386 RSUs. |
| April 02, 2025 | Date of transaction where 5,614 common stock units were disposed of to cover tax liabilities. |
| December 12, 2025 | First vesting date for 130,814 RSUs, with equal annual installments on the anniversaries of this date for the next two years. |
| December 12, 2026 | Second vesting date for 130,814 RSUs, with equal annual installments on the anniversaries of December 12, 2025 and December 12, 2027. |
| December 12, 2027 | Final vesting date for 130,814 RSUs, with equal annual installments on the anniversaries of December 12, 2025 and December 12, 2026. |
Keywords
Form 4, Beneficial Ownership, Restricted Stock Units, DocGo Inc., DCGO, Stephen Sugrue, Tax Liability, Stock Incentive Plan
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