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

Health Catalyst's Chief Operating Officer, Daniel LeSueur, sold 10,455 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• Daniel LeSueur, the Chief Operating Officer of Health Catalyst, Inc., sold 10,455 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, Mr. LeSueur directly owns 119,235 shares of Health Catalyst common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment about the company's performance.

Industry Context

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

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 as part of their equity compensation plans.
• The number of shares sold and the price are specific to Health Catalyst and its executive compensation structure, and would need to be compared to similar companies to assess if it is in line with industry standards.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.
• The sale does not indicate any change in the company's performance or outlook.

Key Dates

Keywords

Health Catalyst, insider trading, stock sale, Form 4, Daniel LeSueur, restricted stock units, tax obligations, equity compensation