Form 4: Evolus CFO Sandra Beaver Sells Shares to Cover Tax Obligations
SEC Form 4
Evolus CFO Sandra Beaver sold 5,672 shares of common stock on March 19, 2024, to cover tax withholding obligations related to restricted stock units.
Summary
- Sandra Beaver, the Chief Financial Officer of Evolus, Inc. (EOLS), sold 5,672 shares of common stock on March 19, 2024.
- The sale was mandated by Evolus to cover tax withholding obligations related to restricted stock unit agreements.
- The shares were sold at a weighted average price of $13.9242, with individual sales prices ranging from $13.555 to $14.12.
- Following the transaction, Beaver directly owns 154,201 shares of Evolus common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction is a routine sale of shares to cover tax obligations and does not reflect a discretionary trade.
Industry Context
Sales of shares to cover tax obligations are a routine part of equity compensation plans and are not necessarily indicative of a change in sentiment regarding the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 03/19/2024 | Date of the transaction (sale of shares) |
| 03/21/2024 | Date of signature for the Form 4 filing |
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