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

Health Catalyst CEO Daniel D. Burton sold 4,174 shares of common stock on September 3, 2024, to cover tax withholding obligations related to the vesting of restricted stock units.

Summary

• On September 3, 2024, Daniel D. Burton, CEO of Health Catalyst, Inc., sold 4,174 shares of the company's common stock.
• The sale was executed at a price of $7.2691 per share.
• This transaction was conducted to cover tax withholding obligations associated with the vesting of restricted stock units.
• Following the transaction, Burton directly owns 1,159,034 shares of Health Catalyst common stock.

Sentiment

Score: 6

Explanation: The document describes a routine transaction (sell to cover taxes). It's neutral in sentiment as it doesn't reflect positively or negatively on the company's performance or future outlook.

Industry Context

Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives. This transaction does not necessarily indicate a change in the executive's confidence in the company's future prospects.

Stakeholder Impact

• The sale of shares by the CEO could have a minor, temporary impact on the stock price, but is unlikely to have a significant long-term effect on shareholders.
• The transaction does not directly impact employees, customers, suppliers, or creditors.

Key Dates