Form 4: Health Catalyst CEO Sells Shares to Cover Tax Obligations

Health Catalyst CEO Daniel D. Burton sold shares to cover tax withholding obligations related to the vesting of restricted stock units.

Summary

• On March 3, 2025, Daniel D. Burton, CEO of Health Catalyst, Inc., sold 33,677 shares of common stock to cover tax withholding obligations.
• The sale was mandated by the issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a 'sell to cover' transaction.
• The price per share was $4.5771.
• Following the transaction, Burton directly owns 1,465,807 shares of Health Catalyst common stock.

Sentiment

Score: 6

Explanation: The document describes a routine transaction (sell to cover taxes) and doesn't indicate any significant positive or negative sentiment. It's a neutral event.

Management Comments

• The sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a 'sell to cover' transaction and does not represent a discretionary trade by the Reporting Person.

Industry Context

Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among executives of publicly traded companies.

Stakeholder Impact

• The sale of shares may have a minor impact on shareholders due to the increased supply of shares in the market, but it is unlikely to be significant given the relatively small number of shares sold.

Key Dates