Form 4: Faro Technologies Director Yuval Wasserman Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Director Yuval Wasserman sold 12,334 shares of Faro Technologies to cover tax obligations related to the vesting of RSUs.
Summary
- On July 30, 2024, Yuval Wasserman, a director of Faro Technologies, sold 12,334 shares of common stock.
- The sale was executed at a price of $16.9 per share.
- The transaction was a 'sell-to-cover' transaction to satisfy tax withholding obligations related to the vesting and settlement of Restricted Stock Units (RSUs).
- Following the transaction, Wasserman beneficially owns 171,142 shares of Faro Technologies.
- The sale was conducted according to the issuer's 'sell to cover' policy and was not a discretionary sale by Wasserman.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sell-to-cover) for tax purposes, so the sentiment is neutral.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives and directors. This transaction is not necessarily indicative of Wasserman's view on the future prospects of Faro Technologies.
Key Dates
| Date | Description |
|---|---|
| 07/30/2024 | Date of transaction: Yuval Wasserman sold shares of Faro Technologies. |
| 07/31/2024 | Date of report: Form 4 filing date. |
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