Form 4: Glaukos Corp SVP & CFO Alex R. Thurman Reports Stock Transactions

Alex R. Thurman, SVP & CFO of Glaukos Corporation, reports the disposition of shares to cover tax obligations and sales under a pre-arranged 10b5-1 trading plan.

Summary

• On April 1, 2024, Alex R. Thurman, SVP & CFO of Glaukos Corporation, had 1,001 shares withheld by the issuer to cover tax obligations related to vesting restricted stock units.
• On April 2, 2024, Thurman sold a total of 473 shares of Glaukos Corp common stock in multiple transactions at weighted average prices of $88.76, $89.71, $90.76, $91.74 and $92.74.
• These sales were executed under a Rule 10b5-1 trading plan adopted on May 17, 2023.
• Following these transactions, Thurman beneficially owns 54,916 shares of Glaukos Corp, including 22,898 unvested restricted stock units.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions. There is no indication of positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider trading activity and provides insight into the actions of a key executive at Glaukos. It is common for executives to utilize 10b5-1 trading plans to diversify their holdings and manage tax obligations.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.
• The transactions do not appear to have a significant impact on employees, customers, suppliers, or creditors.

Key Dates