Form 4: GoHealth COO Hargis Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
GoHealth's Chief Operating Officer, Mike Hargis, disposed of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On August 9, 2024, Mike Hargis, the Chief Operating Officer of GoHealth, Inc., disposed of 4,159 shares of Class A Common Stock to satisfy tax withholding obligations.
- The shares were sold at a price of $9.08 per share.
- Following the transaction, Hargis directly owns 250,638 shares of Class A Common Stock.
- An adjustment was made to correct an over-reporting of 5,434 shares in previous filings.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reflects a routine transaction for tax purposes. There are no indications of significant positive or negative implications for the company.
Industry Context
This filing is a routine disclosure related to executive stock transactions, common in publicly traded companies. It reflects standard practice for covering tax obligations associated with equity compensation.
Comparison to Industry Standards
- Executive stock transactions are a common occurrence in publicly traded companies like GoHealth.
- Similar transactions are regularly reported by executives at companies such as UnitedHealth Group (UNH), Anthem (ANTM), and Humana (HUM).
- The scale of the transaction (4,159 shares) is relatively small compared to the overall holdings of the executive and is typical for tax-related disposals.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 08/09/2023 | Date of restricted stock units grant to the reporting person. |
| 10/10/2023 | Date of initial Form 3 filed by the reporting person. |
| 03/22/2024 | Date of subsequent Form 4 filed by the reporting person. |
| 04/03/2024 | Date of subsequent Form 4 filed by the reporting person. |
| 08/09/2024 | Date of transaction: Hargis disposed of shares to cover tax obligations. |
| 08/13/2024 | Date of Form 4 filing. |
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