Form 4: Evolus, Inc. CEO David Moatazedi Executes Stock Options and Sells Shares
SEC Form 4
Evolus, Inc. CEO David Moatazedi exercised stock options and sold shares of common stock over three days in early June 2024.
Summary
- David Moatazedi, CEO of Evolus, Inc., engaged in multiple transactions involving the company's common stock between June 4 and June 6, 2024.
- He exercised stock options to acquire 155,278 shares at $5.46 on June 5 and 175,940 shares at $7.28 on June 6.
- Concurrently, Moatazedi sold shares of common stock on the open market.
- On June 4, he sold 140,214 shares at a weighted average price of $12.7283.
- On June 5, he sold 155,278 shares at a weighted average price of $12.9217.
- On June 6, he sold 175,940 shares at a weighted average price of $12.5866.
- Following these transactions, Moatazedi directly owns 533,349 shares of Evolus, Inc. common stock.
- He also holds options to purchase 155,281 and 1,006,079 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This activity is typical for executives who receive stock options as part of their compensation. The sales could be for personal financial planning or diversification.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the increased supply of shares in the market.
Key Dates
| Date | Description |
|---|---|
| 01/24/2022 | Start date for vesting of options, with 1/4th of shares vesting annually over four years. |
| 05/06/2018 | Start date for vesting of options, with 1/4th of shares vesting annually over four years. |
| 06/04/2024 | Date of first reported transaction: sale of 140,214 shares. |
| 06/05/2024 | Date of second reported transaction: exercise of options for 155,278 shares and sale of 155,278 shares. |
| 06/06/2024 | Date of third reported transaction: exercise of options for 175,940 shares and sale of 175,940 shares. |
| 06/06/2024 | Date of filing of the SEC Form 4. |
| 05/06/2028 | Expiration date for options to purchase 175,940 shares. |
| 01/25/2032 | Expiration date for options to purchase 155,278 shares. |
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