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

David Moatazedi, President & CEO of Evolus, Inc., sold 96,566 shares of common stock on March 19, 2024, to cover tax withholding obligations related to restricted stock units.

Summary

• On March 19, 2024, David Moatazedi, President & CEO of Evolus, Inc., sold 96,566 shares of Evolus common stock.
• The sale was executed to cover tax withholding obligations as mandated by the Issuer's Restricted Stock Unit Agreements.
• The shares were sold at a weighted average price of $13.9242, with individual trades ranging from $13.555 to $14.12.
• Following the transaction, Moatazedi still beneficially owns 695,850 shares of Evolus common stock.

Sentiment

Score: 6

Explanation: The document describes a routine transaction (sell to cover taxes) and doesn't suggest any underlying issues with the company. Therefore, the sentiment is neutral.

Industry Context

Sales of shares to cover tax obligations are a common practice among executives who receive stock-based compensation. This transaction is a routine event and doesn't necessarily indicate a change in the executive's confidence in the company.

Stakeholder Impact

• The sale of shares could have a minor, temporary impact on the stock price due to the increased selling volume.

Key Dates