Form 4: Health Catalyst CEO Sells Shares to Cover Tax Obligations
SEC Form 4
Health Catalyst CEO Daniel D. Burton sold shares to cover tax withholding obligations related to the vesting of restricted stock units.
Summary
- On March 1, 2024, Daniel D. Burton, CEO of Health Catalyst, Inc., sold 4,973 shares of common stock at a price of $8.0512 per share to cover tax withholding obligations.
- This sale was mandated by Health Catalyst's equity incentive plans, which require tax obligations to be funded by a 'sell to cover' transaction.
- Following the transaction, Burton directly owns 1,167,650 shares of Health Catalyst common stock.
Sentiment
Score: 5
Explanation: This is a routine transaction to cover tax obligations, so it's neutral in sentiment.
Future Outlook
There are no forward-looking statements in this document.
Industry Context
Sales of shares to cover tax obligations are a common practice among executives who receive equity compensation. This transaction is not necessarily indicative of the executive's sentiment towards the company's future prospects.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of stock sale transaction. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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