Form 4: Evolus Inc. Director David Moatazedi Sells Shares to Cover Tax Obligations

Director David Moatazedi sold 103,376 shares of Evolus, Inc. to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On March 18, 2025, David Moatazedi, a director and officer of Evolus, Inc., sold 103,376 shares of common stock.
• The sale was executed at a weighted average price of $13.255 per share, with individual trades ranging from $13.1765 to $13.256.
• The transaction was conducted 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 514,870 shares of Evolus, Inc.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction appears to be a routine sale to cover tax obligations under a pre-arranged trading plan.

Industry Context

Sales by company insiders are a common occurrence and are often related to personal financial planning or diversification. The use of a 10b5-1 trading plan suggests the insider planned the sale in advance.

Stakeholder Impact

• The sale of shares by a director could have a minor negative impact on shareholder sentiment, but the impact is likely to be minimal given the reason for the sale and the existence of a pre-arranged trading plan.

Key Dates

Keywords

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