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

Daniel LeSueur, COO of Health Catalyst, sold 1,873 shares of common stock to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On June 3, 2024, Daniel LeSueur, the Chief Operating Officer of Health Catalyst, Inc. (HCAT), sold 1,873 shares of common stock.
• The sale was executed to cover tax withholding obligations associated with the vesting of restricted stock units.
• The transaction was not a discretionary trade but 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.
• Following the transaction, LeSueur beneficially owns 172,346 shares of Health Catalyst common stock.

Sentiment

Score: 6

Explanation: The document describes a routine transaction (sell to cover taxes) and doesn't contain any information that would significantly impact investor sentiment positively or negatively.

Management Comments

• The sale is 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.

Industry Context

Executive stock sales to cover tax obligations are a common practice and do not necessarily indicate a negative outlook on the company.

Stakeholder Impact

• The sale of shares by a company executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact.

Key Dates