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

Linda Llewelyn, Chief People Officer of Health Catalyst, Inc., sold shares to cover tax withholding obligations related to the vesting of restricted stock units.

Summary

• On March 3, 2025, Linda Llewelyn, the Chief People Officer of Health Catalyst, Inc. (HCAT), sold 7,525 shares of common stock.
• The sale was executed at a price of $4.5771 per share.
• This transaction was conducted to cover tax withholding obligations associated with the vesting of restricted stock units.
• Following the transaction, Llewelyn directly owns 158,844 shares of Health Catalyst common stock.

Sentiment

Score: 6

Explanation: The document describes a routine transaction (sell to cover taxes) and doesn't indicate any significant positive or negative sentiment. It's a neutral disclosure.

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

Sales to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives. This transaction is a routine part of executive compensation and equity management.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the stated reason for the sale.

Key Dates