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

Nathaniel Gandert, Chief Technology Officer of Getty Images Holdings, sold 4,199 shares of Class A Common Stock on June 25, 2024, to cover tax withholding obligations related to the vesting of restricted stock units.

Summary

• On June 25, 2024, Nathaniel Gandert, the Chief Technology Officer of Getty Images Holdings, sold 4,199 shares of Class A Common Stock.
• The sale was executed at a weighted average price of $3.23 per share, with individual trades ranging from $3.07 to $3.34.
• The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan to cover tax withholding obligations associated with the vesting and settlement of restricted stock units granted on March 16, 2023.
• Following the transaction, Gandert directly owns 478,610 shares of Getty Images Holdings.
• The reporting person will provide full information regarding the number of shares and prices at which the transaction was effected upon request to the SEC staff, the Issuer or a security holder of the Issuer.

Sentiment

Score: 5

Explanation: The document describes a routine stock sale by an executive to cover tax obligations. It doesn't indicate any significant positive or negative sentiment.

Industry Context

Executive stock sales are a common occurrence, particularly when tied to tax obligations related to equity compensation. The use of a 10b5-1 trading plan is a standard practice to avoid accusations of insider trading.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but the use of a pre-arranged trading plan mitigates concerns about insider trading.

Key Dates