Form 4: Glaukos COO Joseph Gilliam Reports Routine Share Disposition for Tax Obligations

Glaukos Corporation's President & COO, Joseph E. Gilliam, reported the disposition of 1,057 shares of common stock to cover tax withholding obligations related to the vesting of restricted stock units.

Summary

• Joseph E. Gilliam, President & COO of Glaukos Corp (GKOS), filed a Form 4 with the SEC.
• The filing reports a transaction that occurred on May 28, 2025.
• A total of 1,057 shares of Glaukos common stock were disposed of at a price of $96.97 per share.
• This disposition was executed under transaction code 'F', indicating shares were withheld by the Issuer to satisfy tax withholding obligations upon the vesting and delivery of restricted stock units (RSUs) previously granted on March 18, 2021.
• Following this transaction, Mr. Gilliam directly beneficially owns 108,711 shares of Glaukos common stock.
• The reported beneficial ownership of 108,711 shares includes 60,663 restricted stock units that have not yet vested or been delivered to Mr. Gilliam.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine, non-discretionary transaction for tax purposes related to equity compensation vesting. It does not reflect a change in management's outlook on the company's performance or future prospects.

Positives

• The vesting of restricted stock units indicates that performance or time-based conditions for the equity compensation have been met, reflecting the executive's continued tenure or achievement of specific goals.

Negatives

• The transaction resulted in a reduction of 1,057 shares from the reporting person's direct beneficial ownership, although this was for tax purposes and not a discretionary sale.

Future Outlook

This Form 4 filing is a report of an insider transaction and does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing is a routine insider transaction report related to executive compensation and does not provide information relevant to broader industry trends or competitive dynamics within the medical technology or ophthalmology sectors.

Stakeholder Impact

• Shareholders: The disposition of shares for tax withholding is a common event and typically has a minimal direct impact on the share price or overall shareholder value, as it is a non-discretionary transaction and the number of shares is small relative to the total outstanding.
• Employees (specifically Joseph E. Gilliam): The transaction signifies the vesting of previously granted equity compensation, representing a realization of value from his compensation package.

Key Dates

Recommendation

Keywords

Glaukos, GKOS, Form 4, insider transaction, beneficial ownership, restricted stock units, RSU, tax withholding, Joseph Gilliam, executive compensation