Form 4: Health Catalyst Chief People Officer Sells Shares to Cover Tax Obligations

Health Catalyst's Chief People Officer, Linda Llewelyn, sold 7,766 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• Linda Llewelyn, the Chief People Officer of Health Catalyst, Inc., sold 7,766 shares of common stock on December 1, 2024.
• The sale was executed at a price of $8.9732 per share.
• This transaction was not a discretionary trade but rather a 'sell to cover' transaction mandated by the company to satisfy tax withholding obligations related to the vesting of restricted stock units.
• Following the transaction, Ms. Llewelyn directly owns 105,144 shares of Health Catalyst common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no indication of positive or negative sentiment.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies. It does not indicate any change in the company's outlook or performance.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a standard practice across publicly traded companies.
• Many companies use 'sell to cover' mechanisms to manage the tax implications of equity compensation for their employees.
• The number of shares sold and the price are consistent with typical transactions of this nature.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Health Catalyst, insider trading, stock sale, Form 4, Linda Llewelyn, Chief People Officer, tax obligations, restricted stock units, sell to cover