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

Bryan Truman Hunt, CFO of Health Catalyst, Inc., sold 11,684 shares of common stock on March 1, 2024, to cover tax withholding obligations related to the vesting of restricted stock units.

Summary

• On March 1, 2024, Bryan Truman Hunt, the Chief Financial Officer of Health Catalyst, Inc., executed a transaction involving the company's common stock.
• Hunt sold 11,684 shares at a price of $8.0512 per share.
• This sale was conducted to cover tax withholding obligations associated with the vesting of restricted stock units.
• Following the transaction, Hunt directly owns 219,849 shares of Health Catalyst, Inc.
• 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 and does not represent a discretionary trade by the Reporting Person.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

Executive stock sales are a common occurrence, particularly to cover tax obligations related to equity compensation. The 'sell to cover' mechanism is a standard practice.

Stakeholder Impact

• The sale of shares by the CFO could have a minor impact on shareholder sentiment, although it is a routine transaction to cover tax obligations.

Key Dates