Form 4: Evolus CEO David Moatazedi Sells Shares to Cover Tax Obligations

Evolus, Inc. CEO David Moatazedi sold 6,251 shares of common stock on March 27, 2025, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On March 27, 2025, David Moatazedi, the President and CEO of Evolus, Inc., sold 6,251 shares of Evolus common stock.
• The shares were sold at a price of $12.4 per share.
• The sale was executed under a pre-arranged Rule 10b5-1 trading plan.
• The purpose of the sale was to cover tax withholding obligations associated with the vesting of restricted stock units.
• Following the transaction, Moatazedi directly owns 508,619 shares of Evolus common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing relates to a routine stock sale to cover tax obligations, which is a common practice and doesn't necessarily reflect a positive or negative outlook on the company.

Industry Context

Sales of shares to cover tax obligations are a routine part of executive compensation and are not necessarily indicative of the executive's sentiment about the company's future prospects.

Stakeholder Impact

• The sale of shares could have a minor impact on shareholders due to the slight dilution of equity.

Key Dates

Keywords

Evolus, David Moatazedi, Form 4, Stock Sale, Rule 10b5-1, Tax Obligations, Restricted Stock Units, EOLS