Form 4: Getty Images Executive Mikael Cho Sells Shares to Cover Tax Obligations

Senior Vice President Mikael Cho of Getty Images Holdings, Inc. sold shares of Class A Common Stock on March 25, 2024, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• Mikael Cho, a Senior Vice President at Getty Images Holdings, Inc., sold shares of Class A Common Stock on March 25, 2024.
• The sales were executed under a pre-arranged Rule 10b5-1 trading plan to cover tax withholding obligations related to the vesting of restricted stock units.
• A total of 27,073 shares were sold at a weighted average price of $4.41, with individual transactions ranging from $4.10 to $4.99.
• An additional 13,538 shares held indirectly by Mr. Cho's spouse were also sold at $4.41.
• Following the reported transactions, Mr. Cho directly owns 117,194 shares and indirectly owns 99,850 shares.

Sentiment

Score: 5

Explanation: The document describes routine insider selling for tax purposes, which is neither particularly positive nor negative.

Industry Context

Insider sales are a common occurrence, especially when related to tax obligations from vesting equity. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on current market information.

Stakeholder Impact

• The stock sale could have a minor negative impact on shareholders due to the increased supply of shares in the market, but the impact is likely minimal given the relatively small volume and pre-planned nature of the sales.

Key Dates